Unfortunately, some older citizens do not have enough saved money, therefore, they struggle to afford simple necessities. It is believed the government should implement a set of regulations to help those in need and resolve this issue.
One of the possible suggestions is to encourage citizens to save money by doubling their savings at the time of retirement. This way adults will know that their hard work will be paid off at the end. For instance, it is pretty rare nowadays among young adults not to spend everything and have at least a small fund at the bank for emergency situations. Most of them live like their day is first, and not the last.
Another solution is to provide financial consultations. So uneducated are some citizens about their situation that they do not know where to start. Guidelines would be helpful for them. There are different techniques available that teach us how to not spend everything that you earn, but unfortunately, most people are either afraid to start or think that it is to complicated.
It seems to me that the concern about saving money would not occur if the government would increase the minimum retiring allowance. Those who have worked their entire life, even on a minimum paid jobs, should receive an adequate amount as most probably they were not able to save enough. For example, it is pretty tough to raise children, cover all bills and groceries expenses, most importantly rent, if both adults have minimum waged jobs. Authorities should assure citizens in those circumstances that they are covered as well.
All in all, it is very possible to enhance the system. But it is important to concentrate on the issue already to avoid complications in the future. Those who are retired should not depend on somebody else for support.
Unfortunately,
some
older
citizens
do not have
enough
saved money,
therefore
, they struggle to afford simple necessities. It
is believed
the
government
should implement a set of regulations to
help
those in need and resolve this issue.
One of the possible suggestions is to encourage
citizens
to save money by doubling their savings at the time of retirement. This way adults will know that their
hard
work will
be paid
off at the
end
.
For instance
, it is pretty rare nowadays among young adults not to spend everything and have at least a
small
fund at the bank for emergency situations. Most of them
live
like their day is
first
, and not the last.
Another solution is to provide financial consultations.
So
uneducated are
some
citizens
about their situation that they do not know where to
start
. Guidelines would be helpful for them. There are
different
techniques available that teach us how to not spend everything that you earn,
but
unfortunately, most
people
are either afraid to
start
or
think
that it is
to
complicated.
It seems to me that the concern about saving money would not occur if the
government
would increase the minimum retiring allowance. Those who have worked their entire life, even on a minimum paid jobs, should receive an adequate amount as most
probably
they were not able to save
enough
.
For example
, it is pretty tough to raise children, cover all bills and groceries expenses, most
importantly
rent, if both adults have minimum waged jobs. Authorities should assure
citizens
in those circumstances that they
are covered
as well
.
All in all, it is
very
possible to enhance the system.
But
it is
important
to concentrate on the issue already to avoid complications in the future. Those who
are retired
should not depend on somebody else for support.