IRONICALLY, Malaysians had put aside more money for rainy days during the Covid-19 crisis last year.
In January this year, Malaysians had savings of RM172.8bil, based on Bank Negara statistics. By November, it had gone up to RM211.7bil, which represents an increase of 22.5%.
The increase is phenomenal and suggests that households were spending less when they had more money in their hands.
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