Probably in a few days, you will receive your credit card account statement of the holiday season. Maybe you are like many people who are not able to pay their credit card in one payment. When you look at your credit card account statements, how much money do you plan to save for your retirement?
If you don’t have the money to pay your credit card, do you really think to have some for your retirement?
A significant number of people turn to debt consolidation services to be able to pay their debts and avoid bankruptcy. This service is useful, but it demonstrates that many people have no economy and retire being poor.
According to surveys, many people pay their Christmas gifts with their credit card, even if they don’t have the money to pay them at the time of purchase. They’ll have to pay them over a period of several months after Christmas. This fuels the debate about the retirement plans and in what conditions these people will live their retirement.
The problem is mainly that many people retire being dependent on social assistance from the government to survive.
The government must plan for retired workers
The previous facts demonstrate that people cannot be fully responsible for their situation. The government must step in and take some of people’s responsibilities for their retirement.
People don’t like paying taxes. They prefer to manage their finances. However, many people don’t know how to manage their finances and even less how to plan their retirement. If it wasn’t about the social assistance of the government, they would be homeless.
It becomes clear that the government must plan for people who don’t plan. Even with education, finances remain an emotional area and people love spending. We live in a consumer society where credit is easy to obtain. It’s also easy to get into debt.
There is no doubt for me that the government must step in to ensure a minimum income for people when they retire. Educating people and developing financial management measures help people, but it’s not enough. What we’re more likely to see is many people continuing to depend on the government’s welfare and being in a situation close to poverty during their retirement.
If you really want a good retirement plan, think how you use the credit and that could say a lot about the quality of your retirement.