Is it a good news or bad for the public on the reduction of EPF contribution from employees? What effect will it make for us, the consumers?
From my point of view, I personally think it's not a good idea for this reduction, and it will lead to peoplespending "more" and saving less. But as to how much "more" we have by the pitiful 3% reduction per month? For example a person earning RM 3,000 will have extra RM 90 per month to spend, and that work out to be RM 3 per day.
How much things can we get for RM 3 per day now? I think it's quite difficult to find a hawker stall that costs RM 3 or less per meal. Things are all generally now selling at a very high price, and government do nothing to control these culprits.
But in long term, employees will tends to lose more when they retire. Money saved will be a lot less and by then the value of RM will be much smaller and by rough calculation those EPF savings will lasted merely less than 3 yrs at most for majority, if not all people.
So I think it's a bad idea to reduce the reduction for EPF! What you think?
14 years ago
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3 comments:
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It is a pity, that now I can not express - there is no free time. I will return - I will necessarily express the opinion.
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