Ageing Population: Policies and Programmes for Older People in Malaysia
The process of ageing is inevitable. It’s not a matter of liking it or not, but it’s a matter of how a nation is preparing for its ageing population. The ageing population is a valuable human resource, and most of them are human capital. Older people invested their valuable youth in gaining knowledge and life experience, which is impossible for younger people to have it instantly. As of 2018, 6.51 percent of the population in Malaysia is classified as older people. This percentage is expected to reach 14 percent in the next 28 years, which is faster than many developed economies ever recorded. Malaysians are advised to plan and prepare for retirement. This paper attempts to explore various supports for older people in forms of financial aid and rehabilitation programmes from government, non-government organisations and private businesses. The main objective of this study is to educate the public on the availability of supports for older people in Malaysia. This paper can be used as a reference for future policymaking.
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