KUALA LUMPUR, Oct 5 — Malaysia has only about 27 years to make thorough preparations for the transition to an “aged nation” status by 2048, a transition period that is significantly faster than that experienced by several developed nations.
Economy Minister Akmal Nasrullah Mohd Nasir said that this short timeframe leaves the government with limited time to strengthen national preparedness, contrasting sharply with 115 years for France, 73 years for Australia, and 69 years for the United States.
He noted that Malaysia officially attained “aging nation” status in 2021, when the population aged 65 and older reached seven per cent of the total population.
“Based on current projections, Malaysia is expected to reach ‘aged nation’ status by 2048, when the percentage rises to 14 per cent, and subsequently become a ‘super-aged nation’ by 2060, when it hits 20 per cent.
