It was revealed by the Credit Counselling and Debt Management Agency that two out of 10 Malaysian adults who are working are  not being able to save a single sen within the last six months. It has also been shown by the survey that near about three working adults also need to borrow money only for the purpose of buying their essential items.  From the perspective of percentage, it is almost 28% out of 3450 people between ages 20 to 60. The statics of percentage was shown in the Financial Behaviour Survey 2018 of the Credit Counselling and Debt Management Agency.

From a survey that has been done on the well being of the Malaysians financially, it has been revealed that many of the Malaysian working adults have not reached the level of financial well being that is comfortable for them. Azaddin Ngah Tasir, chief executive of the Credit Counselling and Debt Management Agency, stated that the research done by the agency have also shown another two out of ten working adults can only save less than 5% money from their monthly income, during the launch of the survey report at the Financial Literacy Symposium that was also inaugurated on the same day. In fact, the survey report which was released by the Credit Counselling and Debt Management Agency only fcosued on two groups, one the self-employed and those who have a income of RM2000 every month.

It was also said by Azaddin Ngah Tasir, the consumers have a very little understanding of the finances from their personal side and so the survey showed some inappropriate financial behavior were exhibited on the report. It will definitely continue to suffer regarding finance in the long run. After lot of research, it has been stated that financial education must be good in order to produce good financial behavior among the consumers.

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