Did You Know? Thai People Get Old Before They Get Rich

Last updated on October 20th, 2023 at 06:03 pm

In the heart of Bangkok, where the bustling cityscape meets the serene Chao Phraya River, lies a quiet, unassuming story of strength, resilience, and the relentless human spirit. It’s the tale of Noi, a 73-year-old widow who embodies the tenacity of Thailand’s elderly population. For her, ketchup-slathered bread is not just a meal but a symbol of the incredible odds these elders face.

Noi’s daily sustenance, ketchup on bread, serves as a poignant reminder of her small government pension, which amounts to a mere 82 US cents per day. It’s a pitiful allowance that barely keeps the flame of hope alive in her modest home. Cooking at home becomes a luxury Noi can ill afford, forcing her to rely on the kindness of strangers at Bangkok Community Help Foundation’s meal-delivery tent, where 500 of the city’s homeless and destitute gather daily.

Thailand, a nation known for its vibrant culture, now stands at a crossroads – grappling with a demographic shift that it was unprepared for. The World Health Organization recognizes it as one of the world’s fastest-aging societies, but the economic infrastructure hasn’t kept pace. Research by Kasikorn Bank predicts a startling reality by 2029, with over 20% of the population aged 65 or older. The nation finds itself in a unique position, as it hasn’t attained the same level of wealth as other aging societies like Japan and Germany.

As the Way of Life Goes

The story unfolds with Kasikorn Bank’s chief economist, Burin Adulwattana, echoing the sentiments of many. “We’ve become old before we’ve become rich,” he laments. Indeed, Thailand’s journey through this chapter of its history is a unique and complex narrative.

With over 12 million citizens above the age of 60, around 18% of the population, Thailand’s elderly find themselves navigating the turbulent waters of poverty. A staggering 34% of elderly Thais endure lives defined by meager resources, surviving on less than $830 annually.

Retirement in Bangkok, a bustling metropolis, requires more than financial wisdom; it necessitates a substantial financial cushion. Burin Adulwattana reveals that a comfortable retirement demands at least $100,000 in savings, a far cry from the reality where many retirees possess less than $1,300. The government’s decision to limit the universal pension to low-income earners, affecting 6 million people, leaves a bitter taste in the mouths of many elders.

As Thailand’s demographic landscape shifts, there’s an urgent need for not just economic reforms but profound cultural shifts. The tradition of adult children caring for their aging parents has provided solace for years. However, economists argue that this practice is a Band-Aid solution for a gaping wound. As the economy grapples with a smaller workforce, lower growth, and shrinking consumer spending, there is a growing need for affordable elderly day-care centers and innovative solutions.

One such poignant story is that of Orn Keawwilat, a 57-year-old woman who faces a Herculean task – caring for her ailing parents while managing a household of 12. Her bedridden father, Arj, at 88, silently battles motor neurone disease. Orn’s eyes well up as she speaks of the challenges: “He has to be hand-fed and supervised all the time because sometimes he chokes.” The burdens carried by people like Orn are not just financial; they’re emotional, physical, and deeply human.

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The Glaring Demographic Shift

Thailand’s demographic shift is an urgent call for transformation, encompassing both physical and cultural changes, and requiring significant investment. Ideas are taking shape; the labor ministry is considering raising the retirement age, and there’s talk of potential tax reforms.

Bangkok’s governor, Chadchart Sittipunt, has announced plans to bolster elderly activity centers and healthcare facilities. But the dreams of a dignified retirement remain a distant mirage for many like Aew, a 70-year-old former teacher who now sleeps on station seats. Her voice quivers with longing as she shares, “The pension is not enough. I also make plastic flowers to sell on the street… But I want a job.” These are not just tales of woe but heartrending stories of resilience, dignity, and the burning desire for a life that honors the journey they’ve walked.

In this unique juncture, Thailand’s aging population beckons for attention, empathy, and creative solutions to ensure that the warmth of the sunrise blesses their later years.