Thai PBS Thai PBS
Aged, ignored, impoverished: Thailand’s elderly face another blow

Aged, ignored, impoverished: Thailand’s elderly face another blow

11 Sept 21:06 Key points summarised by AI
  • Thailand's Prime Minister rejected a bill to raise monthly elderly pensions to 3,000 baht, citing financial unfeasibility, despite current payments (600-1,000 baht) falling well below the poverty line.
  • The decision leaves many of Thailand's rapidly aging population (20.2% elderly in 2023, projected 27.5% by 2033) in financial distress, with a significant portion having minimal or no savings.
  • Experts criticize Thailand's unpreparedness for its aging society, ranking its retirement welfare system poorly globally, and propose solutions like a savings-lottery system, VAT increase, and creating elderly-friendly job opportunities.
Read full article
Economy 1/1
Skip > Skip >