KUALA LUMPUR, Feb. 10 -- With recurring commitments like housing and utilities now consuming nearly 40 per cent of the average Malaysian household's monthly budget, local wealth management platform Versa is advocating for automated savings to combat the financial "squeeze."

According to the latest Household Expenditure data from the Department of Statistics Malaysia (DOSM), the average Malaysian household now spends approximately RM5,566 per month.

Of this, the largest share (39.2 per cent, or about RM2,177) is allocated to non-discretionary expenses like housing, water, electricity, transport, and health.

This financial pressure is particularly evident among the middle-income (M40) group, where a high debt service ratio (DSR) often le...