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For nearly 6 million young Malaysian in the labour force, Covid-19 will be especially damaging. They face the highest risk of unemployment. Their job opportunities will be severely curtailed by the contraction of the job market and with their comparatively lower incomes, many will struggle to feed their families. This study explores the conceptual framework on the impact of income shock on consumption spending among young household with debts. In this setting, the framework outlined the possible critical factors for suitable policy-formulation during Covid-19 for the government in sustaining the country's economic stability.

This study aims to explore the difference of income shock on consumption among the Malaysian household during the Covid-19. The study conducts online survey and the finding reveals that this cohort are facing the greatest challenges of unemployment risk such as their job opportunities will be severely curtailed by the contraction of the job market, having income shock to their comparatively lower incomes, hence struggle to finance their expenses as the consumption increases. Nevertheless, our descriptive analysis basically shows that the income shock is merely temporary and significantly make difference on the consumption for the affected Malaysian household. The research also concludes that MCO resulted in unaffected income for most of the respondents, which could be said that MCO does not have a significant effect on the financial situation and financial burden for the majority of Malaysian. The findings can help the policymakers to formulate the suitable formulation.

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In Malaysia, the requirement to purchase a motor insurance is stated in the Road Transport Act 1987. It is a compulsory insurance policy for the owner of the motor vehicle in order to use the public road. There is no specific restriction to purchase as the decision to buy either conventional motor insurance or takaful products will depends on the insured's choice. Recently, the demand for motor takaful is increasing tremendously due to several factors. Nevertheless, the market penetration of takaful products still lower than the conventional insurance. Lack of awareness and knowledge about the concept of takaful were some of the contributary factors based on previous studies. This research aims to discover the role of awareness and knowledge towards motor takaful among young generation. Primary data collection was used through online survey involving young generation. Data analysis was performed by using SPSS version 27.0 and descriptive statistics were used to define the respondents. The findings showed lack of awareness and knowledge among the young generation pertaining to the elements of motor takaful. This finding would be useful for the takaful operators to look into their marketing strategies to stay competitive in the insurance and takaful industry.

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