The Number of Indonesian Elderly Supported by Pension Guarantees to Decrease by 2024

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Adi Ahdiat 06/01/2025 12:30 WIB

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According to BPS data, the proportion of elderly households supported by pension guarantees has decreased in recent years, reaching a new low in 2024.

Percentage of Indonesian Elderly Households with Main Funding Source from Pension Insurance (2016-2024)

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Percentage of Indonesian Elderly Households with Main Funding Source from Pension Insurance (2016-2024)

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Only a small percentage of elderly people in Indonesia have pension guarantees to support their needs in old age.

This proportion has even decreased in recent years.

According to data from the Central Statistics Agency (BPS), in 2016 only 7.01% of elderly households used pension funds as their primary source of financing.

This proportion then decreased to 5.01% in 2024, the lowest record in almost a decade.

"Not all elderly people have social security, pension funds, or even other funding sources that can support their needs," said BPS in its report, *Statistics of the Elderly Population 2024*.

"Many elderly people do not adequately prepare their finances for old age, so within a family structure, the elderly often depend on their children or younger family members for their economic needs," it continued.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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The Number of Indonesian Elderly Supported by Pension Guarantees to Decrease by 2024

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