Some people believe that the government should take care of old people and provide financial support after they retire. Others say individuals should save during their working years to fund their own retirement. What is your opinion?

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Elderly
people
Use synonyms
are important for every nation,
although
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some think that government intervention is needed to assist their funds during
retirement
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,
while
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some individuals believe the elderly should have saved their
income
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to take care of themselves. I believe older
people
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should save their
income
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during their employment, and government support is
also
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needed for them. On the one hand, authorities should take responsibility for older
people
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as they contributed to their workforce when they were young.
For example
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, welfare services
such
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as distributing food coupons or discount vouchers to buy from grocery stores.
In addition
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, private and public sectors should work together to earn additional sources of
income
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.
For example
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, these sectors should provide incentives to invest elderly
savings
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into businesses. By doing so, the elderly will have support when they retire as they receive
income
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from these organisations.
Furthermore
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, authorities should assist older
peoplehealth-related
Fix the agreement mistake
people with health-related
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problems,
therefore
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,
such
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costs may not be a burden to old
people
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.
Therefore
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, it can be seen that these supports will create a comfortable life for elderly
people
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.
On the other hand
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,
people
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should prepare for their
retirement
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before they reach their
retirement
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age. One of the preparations is to invest their
savings
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into potential financial benefit sources
such
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as investing in stocks.
Additionally
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, individuals should
also
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look into property markets.
For example
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, they buy a property
while
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they have enough spending and they can later rent to get an additional
income
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.
Moreover
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, the elderly should find ways to invest their
savings
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into hedge funds where they could make a profit.
Hence
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, there are many benefits when they know how to allocate their
savings
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.
To sum up
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, I think it is now obvious that old
people
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should take charge of their funds with the help of governments, private and public sectors. With these collaborations between these parties, I trust the elderly will have a better future when they reach their
retirement
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age.
Submitted by kokozay on

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Topic Vocabulary:
  • financial support
  • retirement
  • government intervention
  • contribute to society
  • financial independence
  • safety net
  • personal responsibility
  • self-reliance
  • financial education
  • incentives
  • individual circumstances
  • sustainable
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