Malaysia is facing an aging crisis.

 

“While France took more than 100 years to double her population aged 65 and over from 7% to 14% (from 1865 to 1980), the older population in Malaysia aged 65 or over will take only 23 years to double from 7% in 2020 to 14% in 2043...So, compared with the more developed countries, Malaysia has a rather short time to prepare for the transition into an aged nation...Between 2050 and 2055, the number of older persons aged 60 years or over will equal the number of young people under the age of 15 years in Malaysia.,” - Universiti Putra Malaysia (UPM) Institute of Gerontology director Prof Dr Tengku Aizan Tengku Abdul Hamid (The Star, Aug 9, 2015)

 

"In 2006, we hit the ageing status and by 2030, we'll be aged...we're ageing before we can reach developed nation status...The lack of retirement products for those in the active ageing (55-70), passive ageing (65-80) and frail (over 80) categories are a major challenge.  - Employees Provident Fund (EPF) deputy chief executive officer (strategy) Tunku Alizakri Alias (AsiaOne, July 26, 2015)

 

One of the major challenges facing developed Asia today is how to provide affordable, adequate and sustainable old-age income support for a growing elderly population - Nurul Izzah Anwar (Harakahdaily, Mar 14, 2015)