The BN/PN governments have successfully created the new poor in the context of an ageing society.
Abt 6.62 million Malaysians under 55 have less than RM10K in EPF Kumpulan Wang Simpanan Pekerja, while 3.2M have less than RM 1,000.
UMNO Malaysia always says it’s the saviour of the Malay community, while Democratic Action Party is demonised. But an overwhelming Bumiputera majority makes up 81% of those with less than RM 1,000 in EPF.
The government’s ill-advised COVID-19 EPF withdrawal policies is forcing many into old-age poverty. They will be forced to work an additional seven years to make up for the losses or live in poverty.
With the soaring cost of living today, how will they manage to feed themselves when their retirement funds are gone? This is why PH plans to establish a specific department to implement a robust social safety net and oversee the well-being of the elderly.
Remember UMNO has left you penniless in your senior years as you tick the ballot boxes. And understand that DAP has been made the bogeymen to hide their failures to protect the rakyat.
Muhyiddin Yassin must be an ignorant and opportunistic PM candidate. I only hope that you, the people, are able to see through PN’s charade and vote for a government that will act in the best interest of all Malaysians.