In nominal terms, personal disposable income grew by 9.9% in 4Q 2024, higher than the 6.7% increase in the previous quarter due to stronger growth of compensation of employees and payouts from government support measures (e.g., MediSave Bonus and Retirement Savings Bonus from Majulah Package) to alleviate cost of living pressures, offset healthcare costs, and build up retirement savings. Personal saving rate increased to 37.6% in 4Q 2024 from 32.0% in the previous quarter.