People after retirement often require financial assistance. Should the government be responsible for this or should the individuals make provisions for themselves? Discuss both views and give your own opinion.

There have been various opinions regarding post-retirement
life
.
Although
some argue that individuals should make preparations on their own, I maintain that the government should allocate funds to people after retirement as the monetary support is indispensable to maintain their long post-retirement lives without income. Some of the opinion that people should make preparations individually for their lives after retirement. The main reason is that
this
can allow people to freely make plans for their post-retirement
life
. Building up their savings can enable them to maintain a high quality of
life
using their abundant free time. The money saved up during their working years can enable them to spend money on their interests. Some enjoy their hobby
such
as travelling around the world with their family, leading to improvement in
r
Add an article
the
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elationship with their partners.
This
can result in enhancing their post-retirement
life
.
However
, I argue that providing financial support from the government is vital to maintain the basic lives of retired seniors. The main reason is that it can be impossible for those who receive low-income to cover expenditures throughout their post-retirement
life
with only their preparations. Since people’s lifetime in many developed countries has been longer, their post-retirement
life
can
last
for around twenty years. It costs a huge amount of money through increasing events related to health issues, including major surgeries or long-term nursing care services, imposing a significant financial burden. Many people can hardly maintain their long lives without the government’s funds. In conclusion, whereas some people say that individuals should prepare their post-retirement
life
, I maintain that the government should be responsible for providing monetary supports to people after retirement.
This
is because retired
life
can impose a significant financial burden, which can hardly cover with the provisions.
Submitted by aiko.miyazaki123 on

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Topic Vocabulary:
  • financial assistance
  • retirement
  • provisions
  • governmental pension plans
  • social security
  • welfare programs
  • financial literacy
  • private pensions
  • savings accounts
  • investments
  • economic stability
  • poverty line
  • safety net
  • personal responsibility
  • incentivizing
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