{"id":28715,"date":"2024-12-19T16:23:35","date_gmt":"2024-12-19T08:23:35","guid":{"rendered":"https:\/\/www.kwap.okie.my\/?post_type=media-centre&#038;p=28715"},"modified":"2025-09-03T15:33:03","modified_gmt":"2025-09-03T07:33:03","slug":"riding-the-silver-wave-economic-impact-of-an-older-populace-2","status":"publish","type":"media-centre","link":"https:\/\/www.kwap.gov.my\/stg\/media-centre\/riding-the-silver-wave-economic-impact-of-an-older-populace-2\/","title":{"rendered":"Riding the silver wave \u2013 economic impact of an older populace"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"28715\" class=\"elementor elementor-28715\" data-elementor-post-type=\"media-centre\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-625ad0a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"625ad0a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f5a0cea\" data-id=\"f5a0cea\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4a98311 elementor-widget elementor-widget-heading\" data-id=\"4a98311\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Authored by : Sitti Nadhirah<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-82ef71b kwap-text pension elementor-invisible elementor-widget elementor-widget-text-editor\" data-id=\"82ef71b\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span id=\"E508\" class=\"qowt-font6-MyriadPro\">In Malaysia, life expect<\/span><span id=\"E509\" class=\"qowt-font6-MyriadPro\">ancy at birth stands at 73.4 years, with 11.3% of the population aged <\/span><span id=\"E510\" class=\"qowt-font6-MyriadPro\">60 and above. With mortality rates rising and fertility rates declining, <\/span><span id=\"E511\" class=\"qowt-font6-MyriadPro\">it is predicted <\/span><span id=\"E512\" class=\"qowt-font6-MyriadPro\">that this <\/span><span id=\"E513\" class=\"qowt-font6-MyriadPro\">senior<\/span><span id=\"E514\" class=\"qowt-font6-MyriadPro\"> group will increase <\/span><span id=\"E515\" class=\"qowt-font6-MyriadPro\">to<\/span><span id=\"E516\" class=\"qowt-font6-MyriadPro\"> 15-20% by 2040, subsequently transforming Malaysia into an <\/span><span id=\"E517\" class=\"qowt-font6-MyriadPro\">aged nation. This demographic shift <\/span><span id=\"E518\" class=\"qowt-font6-MyriadPro\">poses significant challenges to <\/span><span id=\"E519\" class=\"qowt-font6-MyriadPro\">the nation\u2019s <\/span><span id=\"E520\" class=\"qowt-font6-MyriadPro\">economic productivity, fiscal <\/span><span id=\"E521\" class=\"qowt-font6-MyriadPro\">health, and sustain<\/span><span id=\"E522\" class=\"qowt-font6-MyriadPro\">ability.\u00a0<\/span><\/p><h5>\u00a0<\/h5><h5><span style=\"text-decoration: underline;\"><strong>Economic Implications of an Ageing Malaysia<\/strong><\/span><\/h5><p>The shrinking workforce, reduced capital accumulation, and diminished innovation potential could threaten long-term economic growth and competitiveness. Moreover, the ageing population strains public finances as expenditures on pensions and elderly care rise, while tax revenues decrease from a declining workforce.<a href=\"https:\/\/www.jhpor.com\/home\/Article\/2356\" target=\"_blank\" rel=\"noopener\">Currently, Malaysia spends just 0.37% of gross domestic product (GDP) on elderly care \u2013 reflecting a critical need to increase investments in senior support services. <\/a>This gap highlights the need to boost investments in senior support services.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-1572a20 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1572a20\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-aec6aa3\" data-id=\"aec6aa3\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0c9e47b elementor-widget elementor-widget-image\" data-id=\"0c9e47b\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"358\" height=\"404\" src=\"https:\/\/www.kwap.gov.my\/stg\/wp-content\/uploads\/2024\/12\/01.png\" class=\"attachment-large size-large wp-image-28704\" alt=\"\" srcset=\"https:\/\/www.kwap.gov.my\/stg\/wp-content\/uploads\/2024\/12\/01.png 358w, https:\/\/www.kwap.gov.my\/stg\/wp-content\/uploads\/2024\/12\/01-266x300.png 266w\" sizes=\"(max-width: 358px) 100vw, 358px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-f907af7\" data-id=\"f907af7\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b96dfd3 elementor-widget elementor-widget-image\" data-id=\"b96dfd3\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"383\" height=\"404\" src=\"https:\/\/www.kwap.gov.my\/stg\/wp-content\/uploads\/2024\/12\/02.png\" class=\"attachment-large size-large wp-image-28705\" alt=\"\" srcset=\"https:\/\/www.kwap.gov.my\/stg\/wp-content\/uploads\/2024\/12\/02.png 383w, https:\/\/www.kwap.gov.my\/stg\/wp-content\/uploads\/2024\/12\/02-284x300.png 284w\" sizes=\"(max-width: 383px) 100vw, 383px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-258fc9c kwap-text pension elementor-widget__width-auto elementor-invisible elementor-widget elementor-widget-text-editor\" data-id=\"258fc9c\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p style=\"text-align: center;\"><em>(Source: World Bank, 2022)<\/em><\/p><p style=\"text-align: center;\"><em>\u00a0<\/em><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8adcde5 kwap-text pension elementor-widget__width-auto elementor-invisible elementor-widget elementor-widget-text-editor\" data-id=\"8adcde5\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p style=\"text-align: center;\"><span style=\"letter-spacing: 0.2px; color: var( --e-global-color-text );\">To tackle these challenges, Malaysia must shift towards an economic model that prioritises optimised public spending, tailored for the elderly and economic inclusivity. This approach aligns with the emerging Silver Economy, which caters to individuals aged 50 and above. In the Asia-Pacific (APAC) region, the elderly population is estimated to reach 1.3 billion by 2050, presenting major investment opportunities. Evidently, 74% of this population belong in the middle-income segment with the average yearly household savings per capita projected to be USD12,583 in 2025 \u2013 highest in countries like Singapore, Australia, and Japan. This creates new avenues for investments across various sectors and geographies.<\/span><\/p><p style=\"text-align: center;\"><em>\u00a0<\/em><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f38ba3b kwap-text pension elementor-invisible elementor-widget elementor-widget-text-editor\" data-id=\"f38ba3b\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h5><span style=\"text-decoration: underline;\"><strong>Shifting Family Dynamics and the Future of Elderly Care<\/strong><\/span><\/h5><p>As Malaysia faces the challenges of an ageing population, traditional family structure that once supported elderly care are evolving. With smaller family sizes, greater mobility, and rising rates of singlehood, new approaches to elderly care are necessary. Over the past five years, the number of aged care centers has seen a 24% rise, highlighting the growing need for alternative care solutions.<\/p><p><span style=\"color: var( --e-global-color-text ); letter-spacing: 0.2px;\">\u00a0<\/span><\/p><p><span style=\"color: var( --e-global-color-text ); letter-spacing: 0.2px;\">While Malaysian seniors prefer subsidised government healthcare \u2013 82% of whom belong to lower or middle-income households \u2013 the country\u2019s expenditure on elder care remains relatively modest at 0.37% of GDP. This is significantly below the Organisation for Economic Co-operation and Development (OECD) average of 8%, addressing the rising costs of pensions and healthcare amid a shrinking global workforce. In light of these shifts and financial concerns, the findings from KWAP recently launched Retirement Strategic Agenda report, private housing has emerged as a preferred option among government employees. This indicates that promoting early homeownership could be crucial in addressing future retirement needs.<\/span><\/p><p>\u00a0<\/p><p>In a broader context, international pension systems also highlight the importance of comprehensive planning. Based on the Mercer Pension Index 2022, which evaluates pension systems across 44 countries covering 65% of the world\u2019s population, Singapore, UK, and Sweden rank among the highest due to their distinct retirement income systems. Unlike these countries, Malaysia relies heavily on the Employees Provident Fund (EPF), akin to Singapore\u2019s Central Provident Fund (CPF), which may not provide enough support for the financial needs of an aging population.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-3c115a2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3c115a2\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-32d905e\" data-id=\"32d905e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-45d4ea9 elementor-widget elementor-widget-image\" data-id=\"45d4ea9\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"454\" height=\"400\" src=\"https:\/\/www.kwap.gov.my\/stg\/wp-content\/uploads\/2024\/12\/03.png\" class=\"attachment-large size-large wp-image-28706\" alt=\"\" srcset=\"https:\/\/www.kwap.gov.my\/stg\/wp-content\/uploads\/2024\/12\/03.png 454w, https:\/\/www.kwap.gov.my\/stg\/wp-content\/uploads\/2024\/12\/03-300x264.png 300w\" sizes=\"(max-width: 454px) 100vw, 454px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-2456234 kwap-text pension elementor-widget__width-auto elementor-invisible elementor-widget elementor-widget-text-editor\" data-id=\"2456234\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p style=\"text-align: center;\"><em>(Source: EPF 2023 Annual Report)<\/em><\/p><p style=\"text-align: center;\"><em>\u00a0<\/em><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-37aedd9 kwap-text pension elementor-invisible elementor-widget elementor-widget-text-editor\" data-id=\"37aedd9\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h5><span style=\"text-decoration: underline;\"><strong>Global Models and Strategic Opportunities for Elderly Care<\/strong><\/span><\/h5><p>As Malaysia explores new models for elderly care, it can draw insights from global examples. Japan, a prominent example of a super-aged nation, implemented a national long-term care insurance system over a decade ago, which entails a partnership with private sector providers to fund home nursing and elderly care centers. Likewise, China recently launched initiatives to incentivise both state-owned enterprises and private companies to innovate in elderly care services, spanning from smart healthcare solutions to financial planning tools. In G7 countries, raising the retirement age has emerged as a critical strategy to sustain national productivity, especially as<a href=\"https:\/\/www.bain.com\/about\/media-center\/press-releases\/2023\/older-workers-will-fill-150-million-more-jobs-globally-by-2030-exceeding-a-quarter-of-the-workforce-in-high-income-countries\/\" target=\"_blank\" rel=\"noopener\"> Bain &amp; Company projected 150 million jobs to transition to workers aged 55 and above by 2031.<\/a><\/p><p>\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-75b2ddc elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"75b2ddc\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-7d7ae16\" data-id=\"7d7ae16\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6ae3bcc elementor-widget elementor-widget-image\" data-id=\"6ae3bcc\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"383\" height=\"333\" src=\"https:\/\/www.kwap.gov.my\/stg\/wp-content\/uploads\/2024\/12\/04.png\" class=\"attachment-large size-large wp-image-28707\" alt=\"\" srcset=\"https:\/\/www.kwap.gov.my\/stg\/wp-content\/uploads\/2024\/12\/04.png 383w, https:\/\/www.kwap.gov.my\/stg\/wp-content\/uploads\/2024\/12\/04-300x261.png 300w\" sizes=\"(max-width: 383px) 100vw, 383px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-8a159f5\" data-id=\"8a159f5\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-50bc036 elementor-widget elementor-widget-image\" data-id=\"50bc036\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"416\" height=\"325\" src=\"https:\/\/www.kwap.gov.my\/stg\/wp-content\/uploads\/2024\/12\/05.png\" class=\"attachment-large size-large wp-image-28708\" alt=\"\" srcset=\"https:\/\/www.kwap.gov.my\/stg\/wp-content\/uploads\/2024\/12\/05.png 416w, https:\/\/www.kwap.gov.my\/stg\/wp-content\/uploads\/2024\/12\/05-300x234.png 300w\" sizes=\"(max-width: 416px) 100vw, 416px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-8bb596a kwap-text pension elementor-widget__width-auto elementor-invisible elementor-widget elementor-widget-text-editor\" data-id=\"8bb596a\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p style=\"text-align: center;\"><em>(Source: United Nations Population Division, World Bank, 2023)<\/em><\/p><p style=\"text-align: center;\"><em>\u00a0<\/em><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0e22326 kwap-text pension elementor-invisible elementor-widget elementor-widget-text-editor\" data-id=\"0e22326\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>As retirees control an increasingly substantial portion of global wealth and expenditure, businesses and governments are experiencing shifts in global dynamics. This creates a conducive environment for strategic partnerships and investment opportunities across diverse sectors. While public equity markets offer accessible investment options, private markets present even greater potential, needing careful risk management and diversification. Diversifying investments ensures a balance between growth and value. This is particularly important in sectors like healthcare, which are highly sensitive to policy changes. Leveraging options and futures can effectively reduce market volatility.<\/p><p>\u00a0<\/p><p>While challenges persist, there are numerous opportunities for proactive stakeholders. Addressing the evolving needs of an ageing population demands robust investment and policy frameworks, where innovation and inclusivity can thrive. By strategically aligning investments with the demands of the Silver Economy, stakeholders not only foster economic growth but also pave the way for a more equitable and sustainable future for ageing populations across APAC and beyond.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e5245a7 kwap-text pension elementor-invisible elementor-widget elementor-widget-text-editor\" data-id=\"e5245a7\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><em>Sources:<\/em><\/p><ol><li>Department of Statistics Malaysia. (n.d.). Newss portal. <a href=\"https:\/\/newss.statistics.gov.my\/newss-portalx\/ep\/epLogin.seam\">https:\/\/newss.statistics.gov.my\/newss-portalx\/ep\/epLogin.seam<\/a><\/li><li>Healthcare Asia Magazine. (n.d.). Malaysia&#8217;s budding elderly care plays catch up with the ageing population. <a href=\"https:\/\/healthcareasiamagazine.com\/healthcare\/in-focus\/malaysias-budding-elderly-care-plays-catch-ageing-population\">https:\/\/healthcareasiamagazine.com\/healthcare\/in-focus\/malaysias-budding-elderly-care-plays-catch-ageing-population<\/a><\/li><li>United Nations Conference on Trade and Development. (2023). World investment report 2023. <a href=\"https:\/\/unctad.org\/publication\/world-investment-report-2023\">https:\/\/unctad.org\/publication\/world-investment-report-2023<\/a><\/li><li>United Nations Economic and Social Commission for Asia and the Pacific. (n.d.). Recognize reality of a rapidly ageing Asia-Pacific region and revitalize the role of older persons in society. United Nations ESCAP. <a href=\"https:\/\/www.unescap.org\/news\/recognize-reality-rapidly-ageing-asia-pacific-region-and-revitalize-role-older-persons-society\">https:\/\/www.unescap.org\/news\/recognize-reality-rapidly-ageing-asia-pacific-region-and-revitalize-role-older-persons-society<\/a><\/li><li>World Health Organization. (n.d.). Ageing and health. <a href=\"https:\/\/www.who.int\/news-room\/fact-sheets\/detail\/ageing-and-health\">https:\/\/www.who.int\/news-room\/fact-sheets\/detail\/ageing-and-health<\/a><\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"featured_media":0,"parent":0,"template":"","categories":[29],"tags":[],"media_centre":[176],"class_list":["post-28715","media-centre","type-media-centre","status-publish","hentry","category-insights","media_centre-insights"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Riding the silver wave \u2013 economic impact of an older populace - KWAP<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Riding the silver wave \u2013 economic impact of an older populace - KWAP\" \/>\n<meta property=\"og:description\" content=\"Authored by : Sitti Nadhirah In Malaysia, life expectancy at birth stands at 73.4 years, with 11.3% of the population aged 60 and above. With mortality rates rising and fertility rates declining, it is predicted that this senior group will increase to 15-20% by 2040, subsequently transforming Malaysia into an aged nation. 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