The financial services desk at the GH Bank booth at a Money Expo. Picture courtesy of Bangkok Post.
The global ageing population has seen a swift rise in the past three decades, with two-thirds of individuals over 60 residing in developing Asian countries. As of 2021, Thailand has officially become a fully aged society, with a fifth of its population aged 60 or above, as per World Health Organisation and UN data.
By 2031, Thailand is projected to transition into a super-aged society, with 28% of its population crossing the age of 60. Data from the Social Development and Human Security Ministry’s Department of Older Persons reveals that up to two-thirds of the Thai elderly lack sufficient income or savings for self-support. A mere 5% of the Thai elderly population has savings exceeding 1 million baht.
The government has employed various financial…
