Many mired in debt: Survey

: Many Malaysians are deeply in debt, and some could spend their entire working life paying off what they owe.

Thirty-five per cent of the respondents have more debts than assets, 24% have about the same amount in assets and debts and the remaining 41% have more assets than debts. Financial experts said this could be because most do not have anything left to put aside after getting their salary. “The simple analogy is that they dig one hole to cover another, but this cannot go on forever. There will come a time when they run out of options.”

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