The Star reported on 2nd September that according to a study done by Associate Professor Dr Tengku Aizan Hamid of the Gerontology Institute, UPM, 66.1% of Malaysians over 60 years of age earn RM510 or less per month. That can be considered poor.

The number of persons over the age of 60 in Malaysia is now about 1.4 million. This is about 5% of the population. By 2020, this number is expected to grow to more than 3.4 million.

That means there are more than 925,000 persons over the age of 60 in this country surviving on RM510 or less per month.

In fact, 5.7% (79,800 persons) has no income at all.

A mere 0.8% (11,200 persons) has an income of more than RM3,000 per month.

At the highest end, 0.3% (4,200 persons) has an income of more than RM5,000 per month.

source
The Star