Average saving per month in Malaysia 2023

Published by
Amanda Siddharta,
Nov 20, 2023
According to a survey on financial literacy conducted in Malaysia, as of October 2023, the majority or 48 percent of respondents said they could manage to save below 500 Malaysian ringgit each month. Meanwhile, 23 percent of respondents said they could not save any amount of money.

Average saving per month among respondents in Malaysia as of October 2023

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Release date

October 2023

Region

Malaysia

Survey time period

October 2023

Number of respondents

3,211 respondents

Age group

18 years and older

Supplementary notes

Original question: "How much do you currently manage to save each month?"

1 Malaysian ringgit (RM) is equal to 0.21 U.S dollars and 0.20 euros as of November 2023.

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