Malaysia's Retirement Crisis is Here. What Went Wrong? - Professor Geoffrey Williams

Only 3% of Malaysians can truly afford to retire. To understand why this is happening, what went wrong, and, most importantly, how we can prepare for the crisis ahead, I sat down with Professor Geoffrey Williams—a Cambridge University graduate and former lecturer at the University of Oxford—who has been studying the Malaysian economy for over 20 years.

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🔽 Timestamps

0:00 Intro
5:45 Only 3% Can Retire
10:10 Is RM1,000 Enough?
13:26 People Are Avoiding EPF (Why?)
16:47 Better Investments Outside EPF
20:30 Maybe It Isn't That Bad?
26:25 How Did We Get Here?
29:30 People Live Longer Now
33:31 Main Reason For Crisis
41:11 Gig Economy
43:05 Why Ringgit Is Falling
48:46 Singapore vs Malaysia
54:19 EPF Withdrawal Decision
1:05:20 EPF’s Account 3
1:11:08 Why Are People Not Saving?
1:12:53 Financial Understanding
1:17:33 - Common Financial Mistakes
1:23:56 - Advice For Retirement (20,40,60 Year Old)
1:35:19 - Advice for your 20-year-old self


🎙️Professor Geoffrey Williams
  / professor-geoffrey-williams-66a39314  


DISCLAIMER: The views and opinions expressed in this video are for informational and educational purposes only and do not constitute financial advice. The opinions shared by the guests do not necessarily reflect the channel's views. Viewers are encouraged to seek professional advice tailored to their individual circumstances. The creator is not responsible for any actions taken based on this content.