The question of whether the authorities should provide retired workers with financial aid or it is their responsibility to save up money for retirement has sparked a heated debate. Although state-funded expenses play a vital role in supporting the elderly, I strongly think that individuals should acknowledge saving up for their own future since it not only helps them stay independent but also puts ease on the welfare systems.
On the one hand, it is indisputable that the government’s pension protects vulnerable groups, such as ex-workers and veteran soldiers. Without the authority’s support, these groups of people can face severe financial consequences, resulting in low happiness rates and putting strain on the healthcare system. For example, in recent years, there have been countless cases where veteran soldiers have been treated poorly after risking their lives protecting the country. In addition, it is also infeasible for workers in some nations to acquire basic savings for their retirement.
On the other hand, there is no denying that workers should not rely entirely on the government’s financial support. First of all, it is insufficient for the government to cover all healthcare expenditures even with financial backing, due to the vast number of elderly citizens that need help. Delving deeper into this point, while supporting the retired elder financially is a crucial duty of the authority, it is the worker’s responsibility to save up money for the future, fostering independence and boosting personal wealth growth.
Furthermore, money management skills can be facilitated when certain financial aids are limited, and the workers are forced to take everything into consideration before paying. For instance, in some nations, monthly payouts to former workers can sometimes lead to exacerbated health issues when they spend myriads of their money on drugs, smoking,…
In conclusion, despite the drastic consequences on the welfare systems and the government’s subsidy, it is ultimately the elderly’s responsibility to meticulously spend their monthly allowance and save up for their retirement.