/// West Malaysia Property News
Young Home Buyers to Suffer as Fresh Grads
Struggles to Survive Due to High Cost of Living
A tough road ahead for the next generations
A majority of fresh
graduates earning an
average salary of RM2,500
a month are struggling to
make ends meet, a recent
poll by online recrutiment
company, Jobstreet.com,
revealed.
The poll, which was carried
out last month, saw 2,062
fresh graduates from
various industries being
surveyed on their income
and expenditure.
Jobstreet reported that
77% of respondents said
their salary did not leave
them with any savings after
spending on essentials with
63% of respondents saying
that the essentials included
car and study loans,
which were their major
commitments.
Due to the rising fuel
prices, many respondents
said transportation costs
were also among their top
expenses.
Jobstreet reported 63%
of respondents saying
they spent an average
of RM1,500 of their
salary on these essential
expenditures.
To save cost, nearly half
of the fresh graduates
surveyed said they lived with
66
their parents, 30% rented
out with their friends while
the remaining 20% lived
on their own, Jobstreet
reported.
“Some 87% of respondents
admitted that they di