1. In 2010, Malaysian households paid RM478 for their loans from every RM1,000 they earned! What is left for other expenses like food, education and medical?
2. Price of houses are at the level of 15 times the annual income and it is still inching up!
3.You are not earning more this year as compared to last year. Everything goes up in price. You are buying lesser things with your income this year. Some ended up with smaller saving. Some have to pull through with credits / loans.
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4. When price of everything go up and people are not earning more and but they must eat and live, naturally the savings go down or the debts go up.
5. Price of houses went up every year. What is so surprising about this? The price of teh tarik is RM1.40 a glass and not RM0.80 like not too many months ago!
6. The solution to live through this phenomena of rising cost of living is not from JUST the talk of controlling prices and laws against profiteering.
7. We cannot escape from this fact of life where price of teh tarik will not go back to RM0.80 a glass again. We have to learn or be helped to be able to earn more to cope with this! From education to productivity upgrading and enhancement, do we have it? Will we have it?
