The issue of bankruptcy among young people is becoming increasingly alarming. Based on data from the Malaysian Department of Insolvency (MDI), 2,776 bankruptcy cases due to personal loans were recorded last year, an increase from 2,225 cases in 2023. The majority involved individuals aged between 25 and 44 years old. Furthermore, this trend reflects weaknesses in personal financial management, particularly among young adults who are facing rising living costs, debt-driven lifestyles, and limited exposure to financial literacy. The use of personal loans to cover daily expenses and non-productive commitments has further contributed to the growing number of bankruptcy cases.

Credit: hmetro.com.my

Date of Input: 11/01/2026 | Updated: 11/01/2026 | aini_abd