It is the responsibility of individuals to save and provide for their own retirement. Governments have no obligation to provide this benefit. To what extent do you agree or disagree with this statement?

It has been suggested that saving and providing money for their own
retirement
rely on an individual's duty. I think it is a very crucial issue. Individuals can be found on both sides of the argument with strong logic.
However
, l strongly disagree that Governments have no obligation to provide
this
benefit because
retirement
is the
responsibility
of the
state
. There are many good reasons why some
people
believe that it is the
responsibility
of the
state
to provide all
facilities
when
people
are gone
retirement
. Undoubtedly, paying taxes is extremely vital. If you look around,
for example
, it is acknowledged that
people
are paid taxes to the
state
for the country's development. Each and every prosperous
people
are directly or indirectly involved. So, the
state
should take
responsibility
for older
people
to provide
facilities
for
retirement
.
Besides
, as a government employee who has been working for many years for the nation and the
people
.
Consequently
, they have deserved
retirement
facilities
after they finished their job.
On the other hand
, despite the above argument other
people
think that it is their own duty to save and provide for their own
retirement
.
To begin
with, a high wage is very important in
this
case. To exemplify, in modern society, an increasing number of
people
are working for high salaries. So it is our own duty to invest some money for the future.
This
is the proper way of saving and providing money for
retirement
all over the world. In conclusion, I strongly disagree that the
state
has no obligation to provide
retirement
facilities
. If the government takes
responsibility
for the
people
,
this
could bring more economically balanced to society.
Submitted by baborhassan on

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Topic Vocabulary:
  • retirement savings
  • financial planning
  • economic circumstances
  • government provision
  • basic state pension
  • financial independence
  • income disparities
  • aging populations
  • social safety net
  • tax burden
  • financial education
  • quality of life
  • personal financial responsibility
  • social inequality
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