Some people believe that government should take care of old people and provide financial support after they retire. Others say individual should save during their working years to fund their own retirement. What is your opinion? Give reasons for your answer and include example from your own experience.

Although
it is sometimes thought that old
people
after getting retired should be aided financially by the
government
, whilst other
people
have a notion that
money
should be saved by the person himself during their working period. In my opinion, I consider that by saving
money
from the beginning of their career, old
people
would not have a dependency on others,
hence
, they can enjoy their post-retirement
life
. On one hand, it is often believed that
government
should provide financial assistance to senior citizens because they have contributed much to the betterment of the country when they were young.
In other words
, old
people
had paid taxes throughout their working
life
,
therefore
, it is now the
government
’s responsibility to look after them when they reach their old age and are no longer in a condition to earn
money
.
For example
, in Singapore,
people
, when entered to the age of sixties, their
government
provides them with the monthly stipulated amount. In
this
way, old
people
there, have a relaxed
life
after retirement.
On the other hand
, some
people
think that young
people
ought to save a certain amount of
money
from their monthly income in order to avoid dependency on others and enjoy their old age. Because
,
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family or
government
could only fulfil basic needs for a limited time,
also
, it would be unethical to rely totally on them.
For example
, my grandparents opened a joint account after they got married, in which they both used to deposit a certain amount of
money
from their monthly income. Now, after ,retirement they are not living an independent
life
but
also
, they are enjoying their
life
by travelling to places and doing whatever they desire. To conclude, despite
people
having different opinions regarding the financial responsibility of old
people
. I personally reckon that young
people
should aid their own retirement in order to lead an independent
life
of one’s own choice
Submitted by atoosa_1398 on

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