What percentage of Malaysians in DMP have poor financial planning?

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22.7 Per Cent of Malaysians in DMP Exhibit Poor Financial Planning

As of October, a significant portion of individuals enrolled in the Debt Management Programme (DMP) through the Credit Counselling and Debt Management Agency (AKPK) demonstrated inadequate financial planning. Specifically, 22.7 per cent of those within the DMP exhibited poor financial planning habits. This finding emerges from AKPK's comprehensive data, which tracks the financial well-being of individuals seeking assistance.
DMP Enrollment Figures Highlight Program Reach

By October, the Debt Management Programme (DMP) had registered a substantial number of participants, with 117,565 individuals formally enrolling. This figure represents a subset of the broader engagement with AKPK, as a total of 298,309 individuals had sought financial counselling from the agency up to the same period. These numbers underscore the agency's extensive reach in addressing financial distress among the Malaysian populace.
Demographics Reveal Vulnerable Groups

Analysis of DMP participants indicates varying demographic profiles. Between January and October, the programme saw the enrollment of 70,656 men and 35,123 women, with an additional 2,388 individuals also joining. Age-wise, the largest cohort comprised those between 40 and above, numbering 47,368, followed by the 30 to 40 age group with 42,907 participants, and 17,892 individuals aged 20 to 30. Marital status also showed diversity, with 81,150 participants being married, 16,159 single, and 4,809 divorced.
Program Success and Financial Portfolio

AKPK's records as of October 31 reveal successful exits from the DMP for 6,440 cases, with a collective outstanding debt of RM261.7 million settled. Concurrently, the active DMP accounts held a total portfolio of RM5.8 billion, reflecting the scale of financial commitments managed through the program. These figures illustrate both the challenges faced by participants and the progress made in debt resolution.

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What percentage of Malaysians in DMP have poor financial planning?

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