Topic: Some believe the government should get care of retirees, while others think everyone should rescue for their own retirement (opinion)

 Some people believe that the government should get care of elderly people and allow financial support after they retire. Others declare individuals should rescue during their working years to fund their own retirement. What’s your opinion? Give reasons for your reply and comprise examples your own experience. It’s true that when people advance into their golden years, they require more assistance and attention.

For that reason, a significant no of people keep the opinion that the government should allow financial assistance to the elderly. However, I tend to consent with those who argue that workers should be saving a piece of their income to have a nest egg in their retirement. To start with, a culture of saving rather than depending on the government may foster the overall economic development of a country.

In other words, if people were to accumulate their own savings for their pension age, it’d lessen the financial burden on the government. As a result, the government would be able to release more funds to more productive purposes, such as development of infrastructure, industries, hospitals, and so on, which may speed up the overall progression of a country.

 In addition to economic factors, putting money aside has some personal benefits. Since savings-oriented people aren’t dependent on the state for their living expenses, this may instill a sense of self-respect and pride in them. On the other hand, those who are reliant on financial assistance very frequently face the negative societal stigma, as many people consider them to be inferior and unworthy members of society. Hence, to live a life with dignity and pride, taking responsibility for funding one’s own retirement is evidently a better option individual perspective.

In contrast, the provision of monetary outlays for retirees has proven unfeasible in many countries. Since in many nations the no of senior citizens is on the rise, in the long running governments are likely to struggle to sustain the cost of providing for the elderly. The early signs of this have been seen in many countries that were forced to lift the retirement age, including my residence country men can presently retire at the age of sixty-seven instead of sixty-five. Therefore, in the foreseeable future, these kinds of support may become totally unsustainable. In conclusion, the provision of state monetary support may undoubtedly lessen the concern of retirees to some extent. However, considering the issue of sustainability of this provision, it’s better to opt for individual savings the very beginning of working life, for the benefit of both individual and national development.