Some people believe that it is the government's responsibility to provide care and financial to support people after they retire. Others, however, think that individuals themselves saving money in their own care when they are old. Discuss both views and give your opinion.

Some people claim that the authority should take responsibility for providing care and financial aid to assist senior citizens after they retire. Others argue that money for retirements can be saved by individuals during their working period. My essay below will clarify both two opinions and state my point of view in the conclusion. On the one hand, people should save money to fulfil their future needs more independently. In the case of developing countries or under developed nations,

besides

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the welfare for old people, there are severe vital fields that need financial support from the

government

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such

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as education, science, technology, etc.

Therefore

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, individuals should share the burden of

this

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pension for the

government

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.

For example

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, if people have stable salaries they can open saving accounts in the bank, buy

government

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bonds, or invest in low-risk investment funds and they will receive the return for their old-age period in the future. In developed countries, pensions from the national budget almost help people afford them to fulfil their future needs. Meanwhile, some of them have personal hobbies that require more money, they should have their own savings to adapt to

this

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.

On the other hand

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, elderly people have the right to have financial support as they had paid taxes throughout their working life.

In other words

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, people contributed to the development of the country when they have the capacity to do, so they deserve to receive compensation for

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when they reach old age. Indeed, some developed countries conducted retirement saving plans for their residents with severe merits and

this

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could be considered as the financial assistance of the authority. Taking the 401

(

Accept space

(

k) plan in the USA,

for instance

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, it is very simple to enrol, accompanied by tax incentive policies and the people who joined in it will receive funds after they reach 65 years old. In conclusion, it is necessary for people to have savings when they retire and the

government

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should

also

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provide financial aid for the elders. I strongly agree with both two opinions because each of them has specified advantages in a certain context.