Malaysians and financial security

It is an interesting finding that I do not wish to forget.

Isabelle Francis from The Edge FinancialDaily reported today that more than one in six or 17% Malaysians agreed that they are unable to cope beyond a month if their main source of income is eliminated quoting AIA Life Matters Index Survey.

The number is surprisingly high as compared to 7% in preceding year.

In the same report, "Only 11% of respondents say they can cope on other sources of financial support for more than two years should they lose their main source of income, compared with 36% in last year's survey."

Unless AIA messed up in their statistical sampling, this indicates just how important personal financial planning is.

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