One of the greatest challenges facing the world's leading economies in the years ahead will be the increase in the share of old-age population that is over the age of 65. This will result in a major increase in the old-age dependency ratios of many of the world's leading economies, making it harder to generate economic growth without a dramatic increase in productivity growth in the coming years. Likewise, government finances will worsen as the old-age dependency ratio increases.
Malaysia is still in single digit for 2026 and will show double-digits by 2030 and beyond. There is a lot of work to do, a full ministry many need to be set-up! Retirement villages, old-age medical support, new devices for the aged, suitable work for those able and many other initiatives are needed. Right now, it may not be lucrative – perhaps multi-generational condos or living spaces are rewarding transition step for the private sector. But there are so many things to do….!
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Post by Michael
Weidokal on LinkedIn
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