KUALA LUMPUR: It looks as if the rising cost of living is beginning to bite our young people. According to a survey, young people aged between 21 and 30 in Malaysia are very worried about the cost of living.
This is the age group’s single biggest concern.
The “Public Opinion Survey: Youth Perception on the Economy, Leadership and Current Issues” survey revealed that of the 604 polled, 56 per cent felt that their household’s financial situation had worsened.
According to Free Malaysia Today, 65 per cent of the youths surveyed felt it was difficult to enter the job market, 86 per cent felt that the average wage was low, and 42 per cent did not feel secure in their current employment.
“It impacts their view of the ruling coalition’s performance. This unease explains their adverse views towards their entry into the job market, wages and security of employment,” the survey results showed.
The survey results were released at a public forum last night. It also found that while 73 per cent of those polled were employed in the field of their choice, and 75 per cent in the occupation of their choice, 55 per cent said they could not obtain any other employment.
Of the 604 surveyed, 75 per cent were worried about their own finances.
Of the 56 per cent who felt that their household’s financial situation had worsened, a majority were Malays (58 per cent), followed by the Chinese (55 per cent) and Indians (44 per cent).
Many Indians found it difficult to enter the job market (74 per cent), followed by the Malays (70 per cent) and Chinese (45 per cent).
Of the 86 per cent who said the average wage was low, 98 per cent of Indians agreed, followed by the Malays (85 per cent) and Chinese (84 per cent).
The survey, a joint project between Watan, a youth voter registration NGO, and Merdeka Center, was carried out between Aug 3 and 8 and it involved 604 youths between 21 and 30, across all states and parliamentary constituencies in Peninsular Malaysia.