Sample Answer 1
Time spins and with every spin there is a
change. The mortals never remain in the same state forever. The child turns
young and young turns old. With the change of stage, the circumstances vary
too. An individual needs not to worry about all the stages of life but the one
that is old age. To make it smooth and hassle free, I reckon people must act
like an ant rather than a grasshopper and save money for the difficult days and
thus this accountability should lie with the person himself.
First reason for my belief is significance of
money in the contemporary times. Certainly in this materialistic world ‘money makes the mare go’ and without
money person cannot fulfil his basic needs. In order to ensure a secure future,
it is believed that person should save something for rainy days and old age
being one of those days when person usually does not have any source of income,
he must save some amount of his regular earning for these times to meet his day
to day expenses without depending upon others and compromising with the self
respect and dignity. Further, there is great uncertainty in job market
specially the high paying private jobs. Employees never know when they are
going to be handed over the pink slip. So it is essential for an individual to
save for the uncertainty of present and future as well.
Secondly, in most of the countries especially oriental
nations like India, it is very difficult for the countries to offer strong
social security. Further, the volatile world economy makes it hard even for the
occidental nations to take care of all the needs of the people after they
retire. Even when these are offered by the public exchequer, these are not
adequate to meet even the prerequisites. It would be imprudent to expect more
from the government, thus an individual is left with no other option but to
save for his own old age.
Finally, I substantiate the opinion that an
individual should take reign of his post retirement period and be held
responsible for saving for the cause.
Sample Answer 2
I tend to out-rightly condemn the perception
that individual is responsible for saving the money for his post retirement
expenses since this may shift the focus of life and could affect the present.
The notion of saving the money for post
retirement expenses, though seem rational planning but not feasible for the
masses these days. The high living standard accompanied with cost of living
makes it very hard for the majority of the people to remain hand to mouth. This does not happen only with the people
from low economic strata but even from middle and upper middle class families.
Even with both husband and wife working, it becomes tricky for parents to rear
even a single child. In such state of affairs it will be unrealistic to
anticipate the people to hoard for their old age.
Next, people are paying through their nose to
government in form of taxes. Throughout the period when they earn, they build
the society and nation not only by the payment of taxes but also with their
skills and services. Hence, people should not be overburdened with an
additional expense for securing the old age. Rather there should be free gift from the
state to those who have contributed to the nation and society during their
heydays and now it is the responsibility of the state to take care of the
people during old age.
Last but not
the least, the hiring and firing, short-term approach in the job market is
disastrous for people planning their lives. Lack of job stability does not
allow them to put aside an amount for the old age and shift the focus from the
future to present.
Thus it can be
reiterated that instead of making an individual responsible for saving for the
old age, this responsibility should vest with the government.
Sample Answer 3
I
wholeheartedly argue in favour of holding an individual responsible for saving
for the falling days of life.
The most important cause to substantiate my
view is the uncertainty which prevail the life. As change is the law of nature,
man cannot expect to keep generating money throughout the span of life. At one
stage person has to cease working out of will or age or owing to other
constraints. Cessation of work does not mean the expenses will also cease to
exist, rather health, higher/professional education or marriage of kids, a
shelter for peaceful retirement present as great monsters. If not planned, the
last days of life can turn miserable and intolerable. To ensure to have secure
future an individual has to be prudent and exercise his option of saving a part
of his monthly earning.
Secondly, the population explosion and economic
pressure on public exchequer make it unviable for the government to take care
of the needs of the people after they retire. Even if government takes
initiative, it will offer the amount which will not even suffice the necessities
Therefore person has no other option but to take the reign of his post
retirement life by inculcating the habit of saving.
Further, since the social values are turning
for worst, the person is respected till he earns. When a person stops earning
he is considered a burden and is at the mercy of his earning children. So, it
is essential for every individual to have his own saving to lead dignified and
independent life. These savings would make him enjoy the company of his family
and relatives.
Eventually, it can be concluded that it is not
feasible for the government to take care of the people, thus it the liability
of the individual himself to save for the post retirement period. However,
cautioned must be exercised that people do not hoard the money at the cost of
the present.
