Survey: Financial constraints Malaysian youths’ top concern followed by unemployment

People were face masks during the movement control order, in Kuala Lumpur city centre February 16, 2021. — Picture by Hari Anggara
People were face masks during the movement control order, in Kuala Lumpur city centre February 16, 2021. — Picture by Hari Anggara

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KUALA LUMPUR, May 7 — According to a recent study, “financial constraints” was the highest among the top five concerns faced by Malaysian youths.

Merdeka Center, in its National Youth Survey 2021 report released this evening, said 28.8 per cent of those polled said financial constraints are their top concern followed by 12.7 per cent who listed unemployment as their main problem they face today.

The subsequent issues listed in the top five were “E-learning” (7.5 per cent), “internet connection” (5.5 per cent) and “Covid-19” (four per cent).

This list coincided with another poll in the study, where 34 per cent of youths aged between 18 to 30 said financial stability was their biggest need, followed by 17.3 per cent who opted towards job security and employment opportunity.

The following three other top needs for the youths polled were internet connection (6.6 per cent), effective online learning method (4.5 per cent) and comfortable living place (4 per cent).

Similarly, when asked if they have enough to make ends meet, 52 per cent of those surveyed said they have enough, while 44 per cent said they are struggling.

A further four per cent either refused to answer the question or said they were unsure.

Of those surveyed, 84 per cent said they are confident in achieving their goals.

Among the top aspirations listed by the youth were family bonding (29.1 per cent), financial stability or wealth (25.3 per cent), success in their career (18 per cent) and good education (18 per cent).

Meanwhile, 82 per cent of the youth agreed that everyone has a fair chance to increase their social standing based on their talent and hard work, while 15 per cent believed people’s standing was based on their background and “who your parents are”.

The study was conducted between February 19 and March 20, with 2,520 respondents aged from 18 to 30, from all states across Malaysia.

The respondents were equally divided between female and male, and further divided between race, urban; semi-urban and rural, and if they were registered as voters.

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