Many people dream of having a relaxed life in their retirement after having worked so hard almost their entire life. However, not many can have their dreamed life because they have not planned their retirement well since the beginning.
As shown in this Life Expectancy At Birth of Thailand table, Thai people are living longer. It is expected that in 2020, the population aged 60 years old and over will hit 12 million, or 16.5% of the total population of Thailand. (Source: Office of the National Economic and Social Development Board (NESDB)) while, on the other hand, the birth rate continues to decline. This results in significant change to the population structure. Thailand is facing a situation where elderly people are not provided care, or what we call “elder abandonment”. Factors contributing to this include lack of stable income and lack of savings for retirement.
Many people dream of having a relaxed life in their retirement after having worked so hard almost their entire life. However, not many can have their dreamed life because they have not planned their retirement well since the beginning.As shown in this Life Expectancy At Birth of Thailand table, Thai people are living longer. It is expected that in 2020, the population aged 60 years old and over will hit 12 million, or 16.5% of the total population of Thailand. (Source: Office of the National Economic and Social Development Board (NESDB)) while, on the other hand, the birth rate continues to decline. This results in significant change to the population structure. Thailand is facing a situation where elderly people are not provided care, or what we call “elder abandonment”. Factors contributing to this include lack of stable income and lack of savings for retirement.
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