fbpx
Connect with us

Lifestyle

Syed Saddiq Calls the Youth Today the “Sandwich Generation” Who Struggle Financially

Published

Collage 19 1
Source: 123RF & Utusan & Kewpie Malaysia

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

This generation has been dubbed “the Snowflake generation” for some of their inability to accept criticisms or engage themselves in more hard work. But sometimes, things are just too tough for some people to handle, and with the inflation and the expected global recession taking place next year, it doesn’t look like challenges are going to slow down any time soon.

Syed Saddiq, however, seems to understand what most of the youth nowadays are soldiering through, especially when it comes to financial issues. It’s like some of the youth today are “sandwiched” between multiple problems, and Saddiq has a perfect term to describe the current generation – the Sandwich Generation, and he believes that it’s mostly caused by the rising cost of living.

20190513161957 20171010145129 01

For illustration purposes only

Those staying in Klang Valley, especially, may resonate with his statement.

“I’m worried about the future of my generation. Some of them work three jobs to support themselves,” Saddiq said.

Syed Saddiqqq 1

Not only that but the co-founder of MUDA also said that some of them even failed in their application for a car and a house loan, despite being at the age of 30.  As if the current rising cost of living is not bad enough, Saddiq highlighted the possibility of a global recession that is expected to hit the world sometime next year.

Global recession plus rising costs of living is a nightmarish combination, and one can only imagine how tough times will be in the near future.

168505461 L

During a campaign last night in Keramat, KL, he emphasised how crucial it is for the people to vote for the right party that will eventually become the government and lead Malaysia.

“GE15 is important. It will determine the fate of Malaysians in the coming 5 to 10 years.”

Earlier this year, it was reported that nearly 288,000 Malaysians have been declared bankrupt, and most of these individuals who are struggling financially are young working adults.

Times are undeniably tough. While it’s not wrong to have hope that things will get better in the coming months and years, it’s never too late to start planning financially, especially if you’re truly the Sandwich generation. 

 

Also read: 287,411 Malaysians Have Been Declared Bankrupt as of March 2022, Most are Young Working Adults

Collage 10 3

Source: Utusan
Source: 123RF

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.



Just In

Feat Image School Tablet Feat Image School Tablet
News10 hours ago

Zahid Hamidi: Govt Plans to Provide Each M’sian School Student With a Tablet to Facilitate Digital Learning

Remember the PerantiSiswa initiative introduced under former Prime Minister Datuk Seri Ismail Sabri Yaakob which provides eligible higher learning institute...

Petrol Station Fire Perlis Petrol Station Fire Perlis
News10 hours ago

Man Escapes Car Gas Tank Explosion at Petrol Station With Only Minor Injuries While Car is 50% Burnt

Most of us have a fear of accidentally causing a fire or an explosion when at the petrol station. Just...

Taiwan Member Of Parliament Run With Bill Taiwan Member Of Parliament Run With Bill
News10 hours ago

WATCH: Taiwanese Parliament Member Runs Away With Bill to Prevent it From Being Passed

Our parliamentary sessions are quite rowdy and serve as a means of entertainment for some Malaysians. However, parliamentary sessions in...

Feat Image Polis Penang Attack Feat Image Polis Penang Attack
News10 hours ago

Drunk M’sian Arrested for Attacking Policeman & Trying to Seize Submachine Gun at Penang Police Station

As our country is still reeling from the shocking attack of the Ulu Tiram police station in Johor which killed...

Collage 41 Collage 41
News14 hours ago

PDRM: Cop Killer in Johor is NOT Linked to Jemaah Islamiyah But Data Shows His Father is Related

In a shocking turn of events, PDRM confirmed that the suspect of the cop killer in Johor IS NOT linked...

Feat Image Uni Feat Image Uni
News14 hours ago

Study: M’sia Has The 9th Most Number of Universities in Asia But Only 4 are Ranked in The Top 100

Despite our relatively small size, Malaysia is surprisingly home to one of the world’s highest number of higher learning institutions....

Istana Negara Machete Bearing Men Istana Negara Machete Bearing Men
News1 day ago

2 M’sian Men Caught After Trying to Enter Istana Negara With Machete in Car

After the Ulu Tiram police station was attacked, security has been tightened nationwide. According to Sinar Harian, the police have...

Sugar Content In Drinks 1 Sugar Content In Drinks 1
News2 days ago

M’sia to Introduce Drink Grading System Based on Sugar Content to Battle Diabetes

It’s no secret that many of us love to consume things that are filled with sugar. Based on the findings...

Announcement

Latest Videos



TRENDING TODAY