Most of us would prefer growing old in comfortable and familiar surroundings, but this may be a luxury that more and more of us will not be able to afford. Malaysia’s population is ageing, costs are increasing, and the nation is still unprepared for future challenges.
We live in unprecedented times: more people are living longer and have healthier lives than ever before. The Department of Statistics Malaysia has revealed that the life expectancy of Malaysians has been rising – from 72.2 years in 2000 to 74.7 years in 2016.
This holds true for the rest of the world. The United Nations reported a 48% increase of people aged 60 years and above between 2000 (607 million) and 2015 (901 million). By 2030, the figure should hit 1.4 billion people by 2030. In other words, within 13 years, the number of people aged 60 years and above in the world will equal China’s entire population in 2013.