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

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age and

Governments

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

this

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argument.

Firstly

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, 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

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

Therefore

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, 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

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it is considerably stringent guidelines which are no financial support from

Governments

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for the retired. If

Governments

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did not have the role of budgeting for

retirement

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

In other words

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

This

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

therefore

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they would end up being helpless. A solution to

this

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

Governments

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should return taxation in meaningful ways to taxpayers,

such

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

retirement

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social security.

Consequently

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,

this

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is fair social welfare for the public

as well as

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society.

However

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

Governments

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would cut

retirement

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benefits off unexpectedly. In conclusion, being satisfied with your

retirement

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

along with

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financial support from oneself and

Governments

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.