Do you know majority of young Malaysians are affected by huge debts? What need to be done?

According to recent news paper reports we malaysians owe RM394.8 billion in housing and hire purchase, RM 20 billion in credit cards and personal loan and 40% bankrupcies due to non payment to credi cards and personal loan. Visit my homepage to share and learn : http://finance.groups.yahoo.com/group/de...

The same thing with everyone else who cant mannage their money, they should be set on a strict budget and forced to stick to it.