Some think that governments should support retired people financially while others believe they should take care of themselves. Discuss both views and give your own opinion.
Retirement is an essential stage for every working people. Few people plan their post-retirement income source well in advance, while others do not. Hence, the Government must take care of retired people either by giving them financial support or taking good care of them. In my opinion, instead of providing financial support, Government shall take care of them by reimbursing their necessary expenses.
Some people favour financial support from the Government for retired people. According to them, Government shall deposit the minimum fixed amount directly to retired people accounts so that they can meet their basic expenses. This amount shall be annually increased by inflation to cope with market prices. All expenses shall be managed by retired people out of provided financial support. However, this may limit the government’ responsibility towards retired people, which shall not be the case.
On the other hand, People demands that a retired person’s well-being should be ensured by the Government. Retire persons are looking for more care post-retirement, and giving them financial support isn’t enough. Their medical expenditure rises with their age, which cannot be met by providing them minimum fixed amount because of the rising cost of medical services. Also, providing them financial support may expose them to fraudsters, who hunts for old age people to fulfil their ill intentions. These people need good care of themselves and look for more emotional support from society.
Hence In order to provide a better life post-retirement, I strongly believe that Government shall take care of retired people by preparing society for retired people and creating more leisure activities options for these people. Only providing financial support to retired persons will not suffice the purpose.
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