Spending

In the traditional narrative of financial failure, bankruptcy is often depicted as a spectre that haunts the tail end of a career, the result of a business venture gone sour in middle age, the accumulated weight of years of mismanagement, or the cruel financial blow of a late-life health crisis. This image, however, is rapidly becoming outdated. A starkly different reality has emerged in Malaysia, one that challenges the nation’s economic optimism and signals a deep-seated vulnerability among its youngest citizens.