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Writing Samples
Band 7.5

In some countries old people who retire from work spend the money on themselves (e.g. holidays) rather than save money for their children. Is this a positive or negative development?

In many
societies
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, elderly
people
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 rarely make a purchase in order to save
money
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 and support their children. In my opinion, the elderly are supposed to spend
money
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 on their own, and
this
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 development can
benefit
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societies
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 and individuals in many positive ways.
First
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 of all, elderly
people
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 are expected to make various purchases,
such
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 as shopping and travelling,
instead
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 of saving their
money
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 in the bank, because it can absolutely contribute to the economy. As the population became increasingly ageing, the proportion of old
people
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, who tend to live a low-expenses lifestyle, increases as well, In the circumstances, the economy will suffer.
Therefore
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, old
people
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 should be encouraged to spend the
money
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 if necessary.
Secondly
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, investment in improving the standard of retirement life can
benefit
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 elderly residents in a positive way.
For example
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, old
people
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 can spend their
money
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 on getting better conditions of living and health care,
this
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 can help them lead a decent retirement lifestyle and reduce the burden on young adults in the family.
As a result
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, the whole society can
benefit
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 from
this
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 development, due to the decline in investment in taking care of these retired
people
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.
Lastly
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, elderly
people
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 spending the
money
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 on their own rather than leaving it to their children can help young
people
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 get away from the reliance on the financial support of their parents. In many
societies
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, due to the rapidly increasing cost of living, many young adults are not able to afford all expenses and used to get
money
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 from their family
instead
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 of working hard to pay for everything.
For instance
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, in China, many parents tend to prepare the
money
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 in advance to pay for the apartment when their children get married. In conclusion, the development that old
people
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 spend their
money
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 on themselves to lead a better life can definitely
benefit
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 individuals and
societies
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 in many positive ways. They should be encouraged to do
this
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.

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