Assignment: Ageing without a safety net in Malaysia
Industrialisation, modern cityscapes and strong economic growth promote an image of a youthful, vigorous Malaysia. But the country is now ageing rapidly, and this sudden transformation seems to have caught many - including the government - by surprise: Despite their country’s development, millions have little or no retirement income and face destitution or dependence in their golden years. What little provision is available was compromised during the Covid pandemic when the government allowed workers to withdraw retirement funds just to survive lockdown. Those who did so can now have almost nothing left in their accounts. Without any universal pension, many older Malaysians rely on their families – but younger relatives are often struggling in a low wage economy and find it increasingly difficult to provide for anyone but themselves. As Claire Bolderson reports, Malaysians may have to change their attitudes to retirement and to saving if they are to avoid the spectre of serious poverty in old age.
- Datum:
- Duur:
Gerelateerde podcastafleveringen
/http%3A//ichef.bbci.co.uk/images/ic/3000x3000/p0kxnkls.jpg)
Meer afleveringen van The Documentary Podcast
-
Kai Höss: My grandfather, the Commandant of Auschwitz
In a cinema in south-west Germany an audience is gathered to watch an Oscar winning film, Zone of Interest, about the life of Rudolf Höss, Commandant of Auschwitz. Those present comprise Jewish people from around the world, and the... -
In the shadow of the railway
After years of Chinese investment in Africa, the West is fighting back. Through the Lobito Corridor project, the US and European countries are investing billions in Angola’s Benguela Railway, which runs from southern Africa’s interior... -
Striking gas in Bolivia
In July 2024, Bolivia discovered the Mayaya Centro-X1 gas field, its largest find in nearly 20 years. With an estimated 1.7 trillion cubic feet of reserves, the announcement sparked excitement across the country, promising to help...