Gua selalu tulis about money value dan masaalah dgn ekonomi pasal saya tahu masaalah social & psikologi yang semakin hari semakin banyak melanda kita semua di sini ......makin melarat.
Basically the problem is population of Malaysia is ageing. We are the generation that have to be saddles with taking care of our aged parents & our kids in the future because money value will be lesser and lesser even though our kids work longer and harder than us.
Today, with Malaysians’ average life expectancy of about 75 years, most have another 15 to 20 years to live after retirement, but as most retiree will tell you, living costs is higher than our budgeted costs.
In 2020, more than 7% of our total population are aged 65 and above, which is conventionally defined as an ageing society.....hence, retirement protection is an essential element in providing security for the retirees and the elderly.
Retirement protection starts with knowledge about what is happening with our savings and benefits.
I lived through my old man's era when money devaluation combined with high rising living costs basically broke the man's spirit and cursed his generation to live with lost opportunity costs.
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