However, time changes and practices also change. Today, there are too many reasons for a young working adult fail to save. There are.....
- Higher living cost as compared to in 1970s to 1990s.
- Too many new basic necessity - car, mobile phone, Astro, broadband etc.
- Aggressive promotion and marketing by merchants - 0% interest free installment; use first pay later etc.
- Non-competitive environment and therefore "middle income trap"
- Lifestyle and entertainment - fine dinning, clubbing etc.