PETALING JAYA, 1 September: Lower income households in Malaysia borrow seven times more than their annual income, on average, and are not financially resilient, said Khazanah Research Institute (KRI) in its publication, The State of Households II.
“While household balance sheets look healthy at the aggregate level, households in different income classes face different financial risks. Households in the lower income brackets have much higher leverage (debt-to-income) ratios compared to those in higher income brackets,” it said in its report, which was launched on Monday.
To read the full article, please visit Lower Income Households Financially Fragile: Khazanah Research Institute (KRI)
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