How will Thailand cope in 2035 as the world’s 6th oldest country?

As its number of people aged 60+ climbs by 30%, Thailand will move from 10th in 2015 to 6th place globally in 2035, with 23 million older adults placing a burden on the pension system. By 2040, Thailand will only 2 people of working age for each older adult.

Government policy aims to face the coming challenges. Japan’s retirement age has risen from 62 to 65. Singapore has postponed retirement from 65 to 67. Thailand has proposed raising the retirement age from 55 to 63. All 3 governments have supported projects to upgrade work skills for the elderly or skills for the future world, including incentives from tax breaks or special credits for hiring older people.

Important implications for the future:

- Design and policies may be needed to help different age groups share the same workplace.

 - Important skills for working in the future world must involve coordination and create balance between various generations, uniting the experience of the older generation with the technological skills of the new generation.

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