Older people often choose to spend money on themselves (e.g. on holidays) rather than save money for their children after retirement. Is this a positive or negative development?

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As people enter retirement, many opt to spend their savings on personal desires,
such
as vacations,
jewelry
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jewellery
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and other luxuries, rather than setting aside money for their
children
’s future.
This
can be seen as a positive development for two key reasons: it allows retirees to enjoy the rewards of their hard work,
such
as visiting new places,
trying
Correct word choice
and trying
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new food,
clothes
Correct word choice
and clothes
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, and it gives the
children
the room to grow more independent. Some may think that older individuals should prioritize saving for their
children
. The reasoning behind
this
is rooted in the idea of parental responsibility, where parents feel obligated to provide financial support to their
children
, even in adulthood.
For instance
, with the increasing cost of education, housing, and raising families, parents feel that it is their duty to contribute financially to ease their
children
’s burden.
On the other hand
, others believe that older individuals have earned the right to spend their savings on themselves.
This
is because, after years of hard work and raising their
children
, retirees should be allowed to enjoy the fruits of their
labor
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labour
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without guilt. Namely, taking vacations or pursuing hobbies can significantly enhance their quality of life and mental health, ultimately leading to a happier and more fulfilled retirement. In conclusion,
while
some argue that older people should save for their
children
, it is undeniable that spending on personal enjoyment after retirement is a positive development. Everyone should have the freedom to decide how they wish to use their savings and enjoy their remaining years
in
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of
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happiness.
Submitted by acaitaz on

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