All of us need income security before it's time to retire | Bangkok Post: opinion

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All of us need income security before it's time to retire

  • Published: | Viewed: 1,093 | Comments: 1
  • Newspaper section: News
  • Writer: Worawan Chandoevwit
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It is now more likely Thais will live beyond 70 years of age. Imagine that you are lucky enough to reach the age of 75. By that age, your physical condition has deteriorated and you may be unemployable but you still need to live and enjoy a social life. 

Most of us would be happy if our lifestyle were sustainable no matter how old we become, but the question remains: how can we guarantee a good quality of life when we get older? There are a few options. For example, we could ask our children to take care of us; or we could save enough money for our retirement.

At the moment, the older generation prefers to rely on their children rather than take care of themselves.

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