Indonesia was among the few countries globally to experience an average growth rate of approximately 7 per cent annually prior to the Asian economic crisis. However, this dropped to approximately 5.6 per cent a year between 2007 and 2016, signaling the need to stimulate the economy, generate demand and increase consumption. Furthermore, while government efforts have had a positive impact in red…
Indonesia is gradually becoming an ageing society. According to Susenas 2019, the number of citizens 60 years of age or older or elderly people in Indonesia has reached 25.7 million people, or about 9.6 percent of the total population (BPS 2019). The number of elderly people is predicted to continue to rise–to around 10 percent in 2020 and 20 percent by 2040 (BPS 2018, quoted in TNP2K and MAH…