On the economic front food prices have been going up and up and to me the value of the Ringgit has gone down too. Today an RM50.00 is just like the RM10.00 five years ago so the people have to be careful in their spending too in order to make end meet. When I start a family in the early sixties a salary of just RM100.00 a month was good enough to rent a house, buy food, a bicycle and have a family. Today fifty years later it could not even rent a room in a house let alone to raise a family. In Kuala Lumpur every time you want to make payment for food or anything you buy you have to give a RM50.00 instead you once just use RM10.00. So the moment you part with that RM50.00 it is gone and you are poorer by that at that moment in time. You need to fill you tank with at least RM50.00 to be comfortable driving in and out of the city. To use the road you need to pay the toll and then the parking fee and it all cost money. Just an example I live near the city of Kuala Lumpur and my utilities bills total at RM800 a month. So just to manage the house I need that amount every month. Just add the food bills, the monthly payment for the car, the patrol and toll fee, occasional eating out, clothing, maintenance of the house, cost of going outstation for holiday from time to time. It would add up to be lots of money. I am a retiree and have a monthly pension, so is my spouse. Both our pension is just enough for us to live a comfortable life. This is because our housing loan has been paid in full and we do not have debt. So to those of you who are going to retire do see to it that you have enough money in your Pension Scheme to continue to live a comfortable life after retirement.
Have a nice day.