It is responsiblitity of individuals to save and provide for their own retirement. Governments have no obligation to provide this benefit. To what extend do you agree or disagree with these statements ?

It is argued that each person should have their own financial support by him/herself after reaching

retirement

age and

Governments

must not have some means of funding assists the retired. I am partially in favour of

this

argument.

Firstly

, it is obvious that savings are significantly a big deal after you retire as there is no way to obtain income unless you are still working. If you started a legit financial plan for the rest of your life when you are still working and younger, you could clearly organise your budgets for the future.

For instance

, the period of mortgage payment, monthly spending, and holiday expenditures.

Therefore

, you could avoid financial troubles and acquire a gold standard in your life. Having said that there are not many people who have their perfect financial plan for a long-term period and

also

it is considerably stringent guidelines which are no financial support from

Governments

for the retired. If

Governments

did not have the role of budgeting for

retirement

benefits, the vast majority of people would be suffering from impoverished situations and ending up in being homeless.

In other words

, as people are getting senior, it is difficult to continue working as if you are still young.

This

means the old tend to have more health issues and unexpected accidents,

therefore

they would end up being helpless. A solution to

this

providing social resources is Government’s liability because there is the public tax obligation.

Governments

should return taxation in meaningful ways to taxpayers,

such

as pensions, discounts on public transport, and national health insurance as

retirement

social security.

Consequently

,

this

is fair social welfare for the public

as well as

society.

However

, once again, it is essential to have your own savings in case there might happen a financial crisis or depression in countries and

Governments

would cut

retirement

benefits off unexpectedly. In conclusion, being satisfied with your

retirement

life is an important part of one’s well-being

along with

financial support from oneself and

Governments

.