Longer life expectancy means many Thais may need to finance 20 to 30 years of living expenses after retirement, making traditional saving habits increasingly inadequate, says K-Asset.
Thailand is entering an era of unprecedented longevity. Advances in healthcare and medical technology are allowing people to live significantly longer than previous generations, creating both opportunities and challenges for retirement planning.According to Kasikorn Asset Management (K-Asset), longer life expectancy means many Thais may need to finance 20 to 30 years of living expenses after retirement, making traditional saving habits increasingly inadequate.
Today, the average Thai man is expected to live to around 85, while women can expect to live to an average of 88.
For someone retiring at 60, they should prepare for another two or three decades of living without regular employment income.
"The biggest challenge for people living longer is their savings are not growing at the same pace," said Win Phromphaet, executive chairman of K-Asset.
