Could there be a model for our societies to modernise and develop in such way that the loneliness and even poverty of the older generation is not globalised into our own?

The cultures of the East have always accorded a special status to age and the aged. Life in the extended family - with at least three generations under one roof - was a customary form of coexistence, allowing several children to be raised.
With the globalisation of the Western industrial society and its greater focus on the individual, with the demands of a mobile communication society in terms of flexibility in time and space, conditions even in Malaysia have undergone such a radical change that, particularly in the urban centres, the nuclear family has become the norm, and loneliness a problem that inevitably accompanies old age. The picture portrayed is an illusion, a piece of fanciful thinking that springs from the mind of a lonely old man, living in narrow, cramped surroundings: the old man is surrounded by his granddaughter, depicted here thrice; there is sufficient space around, for the picture provides an unhindered view of yet another room with a visitor, while a young couple looking in through the window displays a keen interest in what is happening inside the house.
What can be done to convert this piece of illusion into reality? Could our societies be modernised and developed in such a way that the loneliness and even poverty of the older generation is not globalised into our own?