[Post 1691] Malaysia Is Ageing As Quickly As Japan. Is It Ready For Old Age? | Insight

Summary

For decades, Malaysia seemed insulated from the demographic crisis confronting its neighbours. A relatively high birth rate sustained a young, growing population while countries across the region grew old.

Then the picture changed with startling speed. In 2010, just 5% of Malaysians were aged 65 or older. By 2030, around 15% of the population is expected to be over 60. Meanwhile, fertility is falling, families are shrinking and Malaysians are living longer. Now, lawmakers plan to pass an Senior Citizens Bill, which will ensure protections for the elderly and assign responsibility for their care. 

Malaysia is becoming an ageing society almost before it realises it. Now, a country built around a young and expanding population must rapidly rethink everything from retirement and healthcare to jobs, housing and who will care for the elderly. Can Malaysia adapt?