the support of state for senior citizens
People have different views about whether or not governments should help senior citizens. Although I accept that we all have the responsibility to save money for retirement, I disagree with the idea that elderly people should receive no support from the state.
There are several reasons why people should save money for their retirement age. Firstly, many people find it hard to live on a basic pension plan. It is often said that today's retiree receives less than half their income from Social Security, and the rest will need to come from other sources, for example, personal savings. Secondly, when you save in a retirement plan, your money can grow faster because earnings that could have been taxed get reinvested and earn even more. Finally, having to live with the kids because you cannot afford to live independently is not how most of us want to spend our retirement years.
However, I believe governments should provide care and give benefits to all senior citizens. The elderly are usually infirm and weak segment of the population and, therefore, need someone to look after them. Some citizens may even have failed to take out a pension during their working years or did not have the resources to pay into a pension because of unemployment. I would also argue that governments are responsible for creating problems such as housing crisis and inflation that stripped senior citizens of having any retirement. Now, it is for the state to take the lead on not only fixing it, but also taking care of those who were victimized in the process.
In conclusion, while everyone needs to have retirement plans, I believe that providing economic support and welfare for senior citizens is one major responsibility of governments.