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Sunday, April 28, 2024

Another payment stream for retirees

An older visitor checks out financial services at the GH Bank booth at a Money Expo. Nutthawat Wicheanbut

The global population has increased rapidly in the last 30 years, while two-thirds of people older than age 60 are in developing countries, especially in Asia.

According to data from the World Health Organization and the UN, Thailand became a “fully aged society” in 2021 as 20% of its population is age 60 or older.

GREYING POPULATION

Thailand is projected to become a “super-aged society” in 2031 when 28% of its population is 60 or older.

Data from the Department of Older Persons in the Social Development and…

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