The implication of ageing population is that government's spending on health care and welfare will increase and this will means that the allocation for other sectors which equally important such as education, health care would probably need to be reduced. Studies have shown that the source of population ageing lies in the decline of birth rate as well as increasing life expectancy. Family planning, man and women not marrying are all factors that contribute to declining fertility rate while improve longevity is caused by advances in nutrition, medical and health.
According to United Nations, Malaysia will experience ageing population in the year 2019. Therefore, it means that we have approximately 20 more years to prepare and address this phenomenon after which time the rate or our ageing population will increase dramatically.
When we are old, just like the young, we need roof over our heads as well as food and clothing. If we are unlucky, we will require proper care and assistance from others due to our physical limitation or illness.
As preparation for our retirement, we need to be able to save or invest for our old age and because of that it is crucial that we need a vibrant economy in long term. Continuous economic development will increase our earning. The younger we can save and invest the more return we will able to secure for our more comfortable living in the old age. Nowadays and more true in the future, even if we are a parent, help is hard to come by as our young who want to take care of us need to go out and work to earn a living. Being a parent or not, we need to pent for ourselves rather to hope for others including the government when the time comes for us to shelter ourselves.
Que sera sera..the future may not be ours to see but don't let us be the one who push the trolley in the alley.......ermm it rhymes
Can we guarantee that we can live comfortably in the future?
Can we guarantee that we can be healthier in our mind, body and soul at this age?
