A TOTAL of 16.2% of respondents polled in a recent survey in Kuala Lumpur said they are worse off financially in the last 12 months, according to the UCSI Poll Research Centre’s consumer sentiment index.
The index also showed that almost 100 of the 531 residents in Kuala Lumpur viewed the current economic situation as a hindrance to their financial growth.
The survey, the first of its kind in Malaysia, shows 52.2% of the respondents expressed zero financial growth in the last 12 months.
The results also show that 31.6% of the respondents said they are better off compared with a year ago.
When asked about their expectation in the next 12 months, 47.1% of the respondents said they would remain financially stagnant, 34.6% expect to be better off and 18.3% predict a gloomier outlook.
Noppadon said the majority of respondents expected business owners and investors to experience a positive year ahead, and many of them felt that they would be better off.
The poll was conducted between May 13 and 22 with a sample size of 531 respondents living in Kuala Lumpur.