In a startling revelation, a recent survey conducted by the Faculty of Commerce and Accountancy at Chulalongkorn University has unveiled a concerning truth – a staggering 50% of working-age Thais are not financially equipped for retirement.
The implications are dire, as experts warn of the impending challenges faced by the nation’s ageing population.
The survey, involving 2,400 participants nationwide, disclosed that a mere 49.3% of respondents are financially prepared for their golden years. Professor Wilert Puriwat, the Dean of the Commerce and Accountancy Faculty, sounded the alarm on December 18, emphasising the urgent need for government intervention to bolster public awareness in financial planning, investment, and savings.
“This leaves about half ill-prepared to stop working when they reach retirement age.
“Moreover, seniors often have…
