main reason why Malaysians did not save money was because they wanted to pay off their debts first.
According to a survey on Malaysian millennials' money management conducted in May 2019, 68 percent of respondents stated that they saved money for emergency funds. Meanwhile, another survey conducted in the same year revealed that the Reasons why millennials save money in Malaysia as of May 2019
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iMoney.my. (August 5, 2019). Reasons why millennials save money in Malaysia as of May 2019 [Graph]. In Statista. Retrieved May 15, 2024, from https://www.statista.com/statistics/1136675/malaysia-reasons-why-millennials-save-money/
iMoney.my. "Reasons why millennials save money in Malaysia as of May 2019." Chart. August 5, 2019. Statista. Accessed May 15, 2024. https://www.statista.com/statistics/1136675/malaysia-reasons-why-millennials-save-money/
iMoney.my. (2019). Reasons why millennials save money in Malaysia as of May 2019. Statista. Statista Inc.. Accessed: May 15, 2024. https://www.statista.com/statistics/1136675/malaysia-reasons-why-millennials-save-money/
iMoney.my. "Reasons Why Millennials save Money in Malaysia as of May 2019." Statista, Statista Inc., 5 Aug 2019, https://www.statista.com/statistics/1136675/malaysia-reasons-why-millennials-save-money/
iMoney.my, Reasons why millennials save money in Malaysia as of May 2019 Statista, https://www.statista.com/statistics/1136675/malaysia-reasons-why-millennials-save-money/ (last visited May 15, 2024)
Reasons why millennials save money in Malaysia as of May 2019 [Graph], iMoney.my, August 5, 2019. [Online]. Available: https://www.statista.com/statistics/1136675/malaysia-reasons-why-millennials-save-money/