Finance

How Malaysians are growing old and going broke

6
How Malaysians are growing old and going broke

AI Summary

Concerns about retirement affordability are growing in Malaysia, particularly after Covid-19 related withdrawals from the Employees Provident Fund (EPF). With increasing life expectancy and a shrinking tax base due to lower birth rates, the EPF's defined contribution model is facing challenges. The article examines the escalating issues and explores potential reforms to secure the financial future of Malaysian retirees.

Read the original article

This article has been processed for multi-language support.

Visit Source

Embedded View