The world is segregated into different categories of the
as per their financial status, in
a scenario, it is widely believed that it is the responsibility of the government to take care of older age people and help with financial support when they retire. Others think that it is the duty of every
to save funds for their future life while they are working. In
essay, I will discuss both perspectives and give my logical opinion in conclusion.
with, an analysis of the former group reveals that the government should give a grant from the
's budget to every elderly
. To elaborate on
developed world, the cost of necessary things is too high and golden-ager could not work at
, the authorities
provide medical treatment facilities to them.
, if the pension for a retired
is granted by the authorities,
they could fulfil basic requirements without taking the help of anyone.
On the contrary
, the latter group suggest that every individual should save
in working life. To explain
people save some amount of
, the administrators might not provide funds from the country's budget which may be used for the
as in the education sector and basic amenities.
, the GDP of the region may increase and every citizen of the country could live in a sense of peace.
To conclude that giving pension as an amount of
to old individuals is good, but to save
in working life it is the responsibility of every
for the development of a
I accord with the latter group.