Covid-19 Complicates Retirement Plans

By Yap Jo-Yee

June 2021 FEATURE
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THE GLOBAL FINANCIAL crisis of 2008 had a brief negative impact – through asset values and inflation – on retirement savings, but luckily in Malaysia, retirement plans largely stayed their course. The situation then was not rosy but it pales in comparison to the protracted economic downturn Malaysia faces today, brought on by the Covid-19 pandemic. Unlike in the past, when unemployment was mainly concentrated in the export sectors, it is widespread this time around.Employment income determines if one can...

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Yap Jo-Yee

is a research analyst at Penang Institute whose interests range from development issues to behavioural economics. Her latest goal is to use ggplot2 without Google’s help.

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