Is old age assuring in relation to saving?

Old age has always been a moment to dread because of failing health and the spectre of finding oneself alone, face to face with the death clock ticking and the memories that are a summary of moments that depict one’s whole life as a success or failure.

But the most dreadful aspect of old age is to be then broke and in poor health, making it impossible to earn one’s living with a decent income.

Perhaps old age is an issue in Western society where people are more inclined to be individualistic. In traditional societies, people invest in their children, which they are the “big cash” when they get old. They get all the necessary material and moral support to help them pass away in peace and dignity.

It is perhaps the end of the extended family and the domination of capitalism that make old age a frightening period when all the savings almost vanish after youthful hardworking life that make the expected golden age a nightmare.

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