How can government make sure that people save enough money to live on when they are old?

Financial experts say that accumulating a small amount of

money

every month from personal

income

for a long period of time can result in extremely high returns at maturity. Every official authority in the country should encourage its residents to save

money

. There are numerous methods through which people could be guided to save wealth at a young

age

.

Firstly

, the official organization can start

the

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awareness lectures and sessions at offices, workplaces, communities, and in rural areas. These

sessions

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main goal should be to explain how a small amount of savings from their

income

can be a life-changing investment for them. Officials say that despite the higher

income

, people don't save their

money

through professional methods. These awareness sessions can help them reach the best saving methods for their old

age

security.

Secondly

, the official banks can start

the

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investment schemes, which are specially designed and issued for long-term investment and higher returns.

Moreover

, high returns can be an attractive gem to clients, for sure.

For instance

, there is one bank scheme named "Atal Pension Yojana." In

this

case, the account holder has to pay only Rs 200 per month from the

age

of 18 to 40. At the

age

of 60, the account holder will receive Rs. 5,000 every month in return through the scheme. These types of schemes really attract the public to invest their

money

. In conclusion, I think saving

money

from

income

not only gives efficient utilization of the individual's

income

but

also

gives a sense of financial independence

as well as

old-

age

security to the payer.