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?

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

Unauthorized use and/or duplication of this material without express and written permission from this site’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Writing9 with appropriate and specific direction to the original content.

Essentional vocabulary list for IELTS Writing 7+

Learn how to write high-scoring essays with powerful words.
Download Free PDF and start improving you writing skills today!
Topic Vocabulary:
  • financial support
  • retirement
  • government intervention
  • contribute to society
  • financial independence
  • safety net
  • personal responsibility
  • self-reliance
  • financial education
  • incentives
  • individual circumstances
  • sustainable
What to do next:
Look at other essays: