Some people believe that the government should take care of older people and provide financial support after they retire. Others say individuals should save during their working years to fund their own retirement. What is your opinion?
Many people hold the opinion that the old generation in the country should be supported financially by the government while others believe that people should save up some money for their retirement while they are actively working. While saving few additional funds is always a great investment to secure one's future;
however
, everyone is not fortunate enough to earn a big paycheck and save a substantial portion for the later years.
We must acknowledge that in the developing nations, Linking Words
for example
, India, Brazil,South America which are densely populated and if the government is liable to support the old age care system and assist them for all medical benefits , Linking Words
thus
leading to a massive burden which may not be sustainable or practical in the long run. Linking Words
Moreover
, developing nations are still struggling with other basic issues Linking Words
such
as poverty, unemployment and infrastructure-related problems Linking Words
therefore
authorities may require to relinquish more financial resources to mitigate those problems. Linking Words
Therefore
, working adults should contribute some portion of their savings to their retirement accounts which could assist them in the future. Linking Words
Although
, the authorities could introduce new policies to provide additional aid to the retired community by providing subsidized rates.
Linking Words
Nevertheless
, Linking Words
on the other hand
, people who believe that ministry should only support the well-being of the retired community is a fair ask in my opinion. Linking Words
For instance
, citizens in all developed countries Linking Words
such
as Canada, the United States etc pay a big percentage of their salary as payroll taxes which is contributed Linking Words
further
to regulatory funds and used to support the Social Security and Medicare benefits. Linking Words
Furthermore
, most of the developed nations already provide free of charge aged care facilities and social welfare programs for retirees to live a simple and relaxed life.
To sum up, the government should provide the necessary financial and medical assistance to the old age community in general; Linking Words
however
, the percentage of funds from the ministry could vary based on the country's social and economic factors.Linking Words
Submitted by anshika11 on
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