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?

As people enter retirement, many opt to spend their savings on personal desires,
such
as vacations,
jewelry
Change the spelling
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
show examples
, 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
Change the spelling
labour
show examples
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
Change preposition
of
show examples
happiness.
Submitted by acaitaz on

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