According to Thai media news, on December 19, Virat, dean of the School of Business and Accounting of Chulalongkorn University in Thailand, said that the government's financial preparation policy is very important and needs to be accelerated, because Thailand is entering a fully aging society, and the elderly will likely face the problem of increased spending.
For example, medical expenses have remained the same or even decreased, causing financial difficulties, Virat said. Therefore, a comprehensive survey and study of people's retirement readiness can help develop more effective policies and help prepare them for current problems.
In this regard, Aniru, an associate professor at the college, released a report on the results of a survey of more than 2,400 working-age groups in various regions of Thailand in 2023, and found that the retirement readiness index of Thai people is currently 49.3%, and according to the results of the 2021 survey, the index reflects a moderate and slightly improved level of readiness of the Thai people. Despite this, the "financial" readiness of Thais remains at a worrying level and the development of the population's financial and investment skills should be accelerated, as well as savings support from the government and the private sector.