The Aging Problem in Malaysia
Malaysia is facing a serious challenge of population aging, which means that the proportion of older people (aged 60 and above) is increasing relative to the younger ones. This trend is driven by the declining fertility rate, the increasing life expectancy, and the aging of the baby boom generation. According to the United Nations, Malaysia is expected to become an aged nation by 2030, when 15% of its population will be older than 60. By 2050, this figure will rise to 24%, which means that one in four Malaysians will be an older person. Population aging has significant implications for the social and economic development of the country. It will affect various aspects of society, such as the labor force, the health care system, the pension system, the family structure, and the quality of life of older people. Some of the challenges that Malaysia will face are: A shrinking and aging labor force will reduce the productivity and competitiveness of the economy. The labor force par