some people say that it is responsibility of the individual to save money for their own care after they retire. Do you agree or disagree?

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It is often argued by some folk that people should put aside their monthly savings for their retirement.I partially agree with
this
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statement and the same shall be discussed
further
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in
this
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essay in detail.
Firstly
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,old aged persons are looked upon by society as a burden as they are dependent on housing ,food and healthcare.
Hence
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, when they are young and earning they should try to save some of their salaries so that they can take care of themselves and be independent.
For example
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, many retirement schemes are available which help people to invest money when on a job and will get benefits when they retire.
Therefore
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, It is a good plan to save their income which will make them independent and can spend as they wish ,like enjoying their hobbies ,utilizing for medical facilities etc.
Nevertheless
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,elderly individuals are weak and are unable to take care of themselves.
Moreover
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,they struggle hard at a young age to provide better facilities for their children ,be it in education, health or food and will hardly have money left for their old age.
Furthermore
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, they pay taxes to the government .
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I believe children should take responsibility for their parents when they are old as gratitude.
Additionally
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, the government should
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help senior citizens by providing subsidies on medical so that they can lead
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peaceful life.
For Instance
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,provide old age homes if they do not have anywhere to live and give pensions to take care of themselves. In conclusion,saving money for retirement makes old persons self-reliant .
However
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, senior citizens will need help from their children and the government to lead a comfortable life
Submitted by Leena Kapoor on

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