Malaysia is not prepared for an ageing society

THE Consumers’ Association of Penang (CAP) urges the government to prioritise the needs of the majority of the country’s ageing population instead of encouraging the construction of retirement villages that serve only a small segment of society.

Senior citizens are prone to financial instability as they are often considered “unemployable” because of their age. At the same time, health problems (particularly chronic and debilitating illnesses) as well as escalating healthcare costs negatively impact their finances.