EPF head highlights troubling situation??? YAU MOU GAU...CHOR!!
PUTRAJAYA: The majority of those aged 60 and above in Malaysia are wholly dependent on their children for support.
They do not hold highly paid jobs and did not manage their finances well when younger as they lacked proper education.
In making these observations, Employees Provident Fund chairman Tan Sri Abdul Halim Ali said nationwide data showed that the average income of the older generation was only RM300 and most of them did not have any savings.
“But the older generation cannot depend fully on their children for support as the cost of living now is increasing day by day and lifestyles have changed,” he said.
He was speaking to reporters at a hotel here yesterday after giving the keynote address at the two-day “Ageing and National Development: Improving Quality of Later Life” conference.
Abdul Halim said the older generation, especially those still active, could continue to contribute to the country's development and be self-reliant. The Government, he added, was finding ways to help active senior citizens be productive and improve their quality of life.
According to him, those aged 60 and above now make up 6% of the population and the figure, which is rising rapidly because of lower mortality rates, is expected to go up to 15% by 2035.
Abdul Halim also urged young people to learn how to manage their finances so that they would have enough funds to see them through old age without needing to depend on their children.
“The changes in societal and family structures require an individual to be prepared for old age not only in terms of money but also psychologically and socially,” he said.
They do not hold highly paid jobs and did not manage their finances well when younger as they lacked proper education.
In making these observations, Employees Provident Fund chairman Tan Sri Abdul Halim Ali said nationwide data showed that the average income of the older generation was only RM300 and most of them did not have any savings.
“But the older generation cannot depend fully on their children for support as the cost of living now is increasing day by day and lifestyles have changed,” he said.
He was speaking to reporters at a hotel here yesterday after giving the keynote address at the two-day “Ageing and National Development: Improving Quality of Later Life” conference.
Abdul Halim said the older generation, especially those still active, could continue to contribute to the country's development and be self-reliant. The Government, he added, was finding ways to help active senior citizens be productive and improve their quality of life.
According to him, those aged 60 and above now make up 6% of the population and the figure, which is rising rapidly because of lower mortality rates, is expected to go up to 15% by 2035.
Abdul Halim also urged young people to learn how to manage their finances so that they would have enough funds to see them through old age without needing to depend on their children.
“The changes in societal and family structures require an individual to be prepared for old age not only in terms of money but also psychologically and socially,” he said.
posted by SEE FU at 3:26 PM
0 Comments:
Post a Comment
<< Home