"The Malaysia Ageing and Retirement Survey Wave Two (2021-2022) conducted by the Social Well-being Research Centre at Universiti Malaya in partnership with the Asian Development Bank revealed significant findings.
Over 80% of elderly individuals in Malaysia were not prepared to reside in an assisted living facility, although more than 60% reported at least one doctor-diagnosed disease.
Additionally, a majority of respondents expressed a need for social and financial assistance, with many advocating for government-mandated parental care from their children.
As such, in addressing the issue of retirement, it is vital to recognise that financial security is just one aspect among many to contemplate." - the Sun,6 March 2024
