In some cultures today, older people are enjoying their retirement from work by spending their money on themselves (e.g. on holidays) rather than saving the money for their children. Is this a positive or negative development?

In the contemporary era, there is a significant divergence of opinions when it comes to the question of whether or not the elderly are spending

money

on recreation

such

as holidays

instead

of saving for the future generation after becoming retired.

While

there are admittedly several drawbacks, I advocate for those who believe that the positive influences of

this

phenomenon are more considerable. On the one hand, numerous inherent problems stem from older

people

’s expenditure on leisure activities and personal pursuits rather than preserving these funds for their children’s future. The most notable disadvantage of

this

trend is that it can undermine mutual understanding between family members and eventually cause them to drift apart.

This

vulnerability arises because youth cannot rely on their parents and they have to put a heavy burden on their shoulders with a view to earning

money

.

Therefore

, they have a tendency to allocate an inordinate amount of

time

to work, both at the office and at home, neglecting other family members and negatively impacting familial relationships.

Moreover

, considering that working

time

constitutes approximately one-third of a person’s life, especially in the whole world that going through some sort of financial crisis, an unhealthy work-life balance renders

people

who do not receive the transfer of wealth from their parents more susceptible to the deterioration of both mental and physical health.

This

can lead to the delay of childbearing or

give

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up bearing the next generation

of

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them

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apply

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or more importantly, these young

people

may be infertile.

Nevertheless

, I am convinced that the aforementioned downsides pale in comparison with the significant upsides of the decision of retired

people

to spend their hard-earned savings on their own leisure pursuits.

Chef among

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the merits of

this

trend is the self-reliance

for

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of

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those teenagers.

This

can be attributable to the fact that knowing that there will be no inheritance, adolescents must soon learn how to be independent and engage in employment to meet their basic needs.

Therefore

, they can get exposure to

professional

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the professional

a professional

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working environment, which can educate them about determination, patience and the lesson that nothing is free. A prime example of

this

is

a

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billionaire Bill Gates, he

not

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did not

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leave any fortune to his children because he

want

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wanted

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to teach them about the value of

money

earned from

sweet

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sweets

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and tears,

therefore

making those successors more mature and appreciate the

labor

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of other

people

. A

further

point to discuss is that it may tighten the family relationship. Retired

people

can devote their full

time

and energy to engaging in more vacations with their family and loved ones. Increased

time

together is synonymous with

the

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more understanding between parents and children, which may gradually eliminate the generation gap existing in some families these days.

Last

but not least, the true gain is a pleasure

deserve

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. Having

undergon

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undergone

years of stress and tiredness, these

people

can be vulnerable to a myriad of health problems

such

as hearing loss, back and neck pain, or heart disease.

An eventual

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ease in life not only heals their mentality, but

it

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apply

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can

also

encourage them to embark on more physical activities that bring joy and

fulfillment

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fulfilment

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with a view to reducing the risk of getting these diseases. In conclusion,

while

it is undeniable that the decision of older

people

using

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their

money

for amusement rather than save it for their future heirs may be attributable to some drawbacks, I would contend that the advantages ultimately outweigh the disadvantages on account of the closer family relations, old-age comfort and independence for their children.