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NESDB says retiree needs 2.8 - 4 million baht savings to survive for the rest of life

NESDB says retiree needs 2.8 - 4 million baht savings to survive for the rest of life

13 Sept 09:54 Key points summarised by AI
  • Thai retirees require 2.8 to 4 million baht in savings, according to NESDB, with urban residents needing the higher amount for post-retirement survival.
  • Thailand is rapidly transitioning into an aged society, but current savings levels are inadequate, threatening financial hardship for millions of future retirees.
  • The NESDB urges government intervention to boost public savings and create income opportunities for the elderly to ensure their financial security.
  • Exacerbating the situation, the country saw a significant rise in unemployment and household debt in 2020, largely due to the COVID-19 pandemic.
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