Nowadays, savings of senior retirees are usually allocated for their own interest, not for their younger family members. I firmly contend that this circumstances overall positive development since it motivates young people to work hard and build independently mentally, and even old people can prepare their needs properly for their health, income, and their mental health. Although, old people who don’t save their retirees for those who really need money.
The primary impact is children build independent behavior among youngsters. Indeed, when a sum of money from their parents is guaranteed for them per month, this demotivates the will to earn income for themselves. As age passes, youngsters have to think of their future life, such as about their own family, their children’s education, their needs, among other things. This situation can establish young people’s mentality about how difficult it is to earn money: Children can comprehend how old people are struggling to have self-income.
Furthermore, this trend improves the quality of life for the elders. Specifically, they can assist their on-going needs as old passes for health needs, future cost, and enjoy life, such as health assurance, medicine things, vitamins, visiting some places, investing their money and other things. Ultimately, the elders have prepared and assisted all their needs, so the young don’t need to incur extra money.
On the other side, this strategy may not effectively help other people, particularly children. The youngest who are still struggling to get a job or a stable income, they need support distinctly from their family members. Definitely, the elders in a family have to invest their savings for their children to motivate them to get a better version of themselves.
Instead of financially supporting their children, retired elders these days generally spend money on themselves. I believe this behavior predominantly advantages development. It catalyst young people to get better self-income and raise the better living conditions for senior citizens. Nonetheless, this may be hopeless for young citizens who need cost support. Despite all that, retired elders can divide their savings in the future for personal needs and their children’s urgent needs. This solution gives a positive impact not only for the elders, but also for other people.