Senior citizens exercising at Lumpini Park in Bangkok. (Photo by Weerawong Wongpreedee)
Thailand’s elderly population is growing rapidly.
The country is already considered an “ageing” society, meaning 10% of the population is aged 60 and over, and has been since 2005. It is transitioning to an “aged” society, with those aged 60 and over set to account for 20% of the population this year.
Thailand’s trajectory sees it becoming a “super-aged” society in 2031, where those aged 60 and over make up 28% of the population.
These demographics present great challenges for policymakers and demand an urgency in planning.
Various studies have revealed Thailand is relatively low in the rankings for savings worldwide, with a study conducted by Thailand Development Research Institute (TDRI) in 2019 showing…
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