Malaysian Women Face Mounting Pressure as Caregiving Duties Undermine Career Growth and Well-Being
Petaling Jaya — The increasing responsibility of caring for both children and elderly parents is taking a significant toll on women in Malaysia, with a majority admitting that the dual burden is hindering their career development and affecting their physical and mental health.
A recent study by Sun Life Malaysia, titled “Women’s Wealth in Focus,” reveals that more than 60 per cent of women are struggling to balance these overlapping roles. The findings point to a growing challenge as women attempt to juggle professional ambitions with demanding caregiving obligations at home.
The report highlights a concerning pattern described as a “threefold strain,” where women face setbacks in financial stability, personal well-being, and workplace advancement simultaneously. Around 80 per cent of respondents reported feeling financially insecure, while 68 per cent said their health has suffered due to limited time for self-care. Additionally, 66 per cent acknowledged that their chances of career progression have been negatively impacted.
Chief Operating Officer of Sun Life Malaysia, Irina Lim, emphasised that these pressures are not merely temporary but could have long-term implications if not addressed. She noted that many women are effectively carrying the dual role of caregiver and financial manager within their households.
According to the survey, 52 per cent of women now take the lead in making major financial decisions, effectively acting as the household’s financial head. Meanwhile, 44 per cent manage day-to-day expenses independently, underscoring the significant role women play in maintaining household financial stability.
Despite this level of involvement, long-term financial planning appears to lag behind. While nine out of ten women expect to financially support ageing parents in the future, only a small proportion — about 19 per cent — have committed a meaningful portion of their income, defined as at least 10 per cent, towards this responsibility.
The strain of caregiving is also reflected in personal sacrifices. Six in ten women admitted to putting off their own medical needs in favour of prioritising healthcare for their children or elderly relatives. High medical costs remain a persistent concern, continuing to limit women’s ability to secure their financial future.
Although a majority of respondents — about 59 per cent — believe they are in a stronger financial position compared to their mothers at the same age, preparedness for unexpected situations remains low. Only eight per cent have sought guidance from professional financial advisors, indicating a gap between awareness and action.
Irina stressed the importance of equipping women with accessible financial tools and knowledge, noting that early planning and proper protection strategies are essential in helping them navigate these challenges and build a more secure future.
-wilayah.com.my
