According to reports by Khazanah and EPF, most Malaysians do not have adequate retirement savings. As of 2024, only 36% of EPF members meet the current basic savings level of 240 000 at age 55. And that’s just basic savings that will allow you to survive from month to month for about 15 years post-retirement. 

So, are we in a retirement crisis? And what can we do about it?

We speak to Geoffrey Williams, who's an economist.



In this episode, we discuss:


What are the markers that indicate that Malaysia is undergoing a retirement crisis.


The key factors driving the retirement crisis.


Impact of the crisis towards individuals on the ground and overall health of the economy.


The disparity between ethnic/racial communities and within, when it comes to retirement savings and what that tells us.


What can Malaysia learn from other countries in the region who are facing similar challenges.


A case for universal basic income, by a market economist. 

According to reports by Khazanah and EPF, most Malaysians do not have adequate retirement savings. As of 2024, only 36% of EPF members meet the current basic savings level of 240 000 at age 55. And that’s just basic savings that will allow you to survive from month to month for about 15 years post-retirement.&nbsp;So, are we in a retirement crisis? And what can we do about it?We speak to Geoffrey Williams, who's an economist.In this episode, we discuss:<ul><li>What are the markers that indicate that Malaysia is undergoing a retirement crisis.</li><li>The key factors driving the retirement crisis.</li><li>Impact of the crisis towards individuals on the ground and overall health of the economy.</li><li>The disparity between ethnic/racial communities and within, when it comes to retirement savings and what that tells us.</li><li>What can Malaysia learn from other countries in the region who are facing similar challenges.</li><li>A case for universal basic income, by a market economist. </li></ul>

As they say, democracy doesn't begin and end at the ballot box. 
On Beyond the Ballot Box, we have in-depth conversations about political economy and human rights in Malaysia, Southeast Asia, and around the globe through a class prism.

As they say, democracy doesn't begin and end at the ballot box. On Beyond the Ballot Box, we have in-depth conversations about political economy and human rights in Malaysia, Southeast Asia, and around the globe through a class prism.

Beyond the Ballot Box

As they say, democracy doesn't begin and end at the ballot box. On Beyond the Ballot Box, we speak to politicians and analysts and explore burning issues and questions surrounding our fluid and ever-changing political scene.

As they say, democracy doesn't begin and end at the ballot box. On Beyond the Ballot Box, we speak to politicians and analysts and explore burning issues and questions surrounding our fluid and ever-changing political scene.

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