What percentage of Malaysians link financial stress to mental health?

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41 Per Cent of Malaysians Link Financial Stress to Mental Health Concerns

A significant portion of Malaysians, specifically 41 per cent, have acknowledged that financial stress has negatively impacted their mental well-being. This connection between financial strain and mental health issues has been exacerbated by the ongoing Covid-19 pandemic. A study conducted by the Credit Counselling and Debt Management Agency (AKPK) revealed that financial stress has escalated by approximately 35 per cent since the pandemic began in Malaysia last year.
Financial Stress Impact on Job Performance

Beyond mental health, financial stress has also demonstrably affected the professional lives of Malaysians. The AKPK study, which interviewed 3,115 individuals, found that over 65 per cent reported that financial worries have taken a toll on their job performance. This indicates a domino effect where an individual's state of mind due to financial concerns can directly influence their productivity and effectiveness at work.
Demographics Experiencing Higher Financial Stress

The AKPK study identified specific demographic groups experiencing higher levels of financial stress. Workers aged between 30 and 39 years old recorded the highest financial stress scores compared to other age brackets. Younger workers, aged 29 and below, reported greater stress related to low salaries and overspending. While government employees generally exhibited better mental well-being than their private sector counterparts, men were found to experience more financial stress than women, although their specific concerns differed, with men more stressed by high debt burdens and women by overspending.
Confidence in Managing Financial Issues

A notable finding from the survey is the general lack of confidence among working Malaysians in managing their finances. Nearly half of the respondents, at 46 per cent, expressed uncertainty about their ability to cope with financial stress. This suggests a widespread need for improved financial literacy and support mechanisms to help individuals navigate economic challenges more effectively, a situation AKPK aims to address through its services.

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What percentage of Malaysians link financial stress to mental health?

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