Smart tip: Protecting the past for better future
- Day after Rahul Gandhi slams PM Modi, Amit Shah condemns politics over surgical strikes
- Prohibition to stay in Bihar: SC stays Patna HC judgment setting aside liquor ban
- US says does not support declaring Pakistan a 'terrorist state'
- Talk on stage at Parrikar event: 200 killed, atom bomb vs atom bomb
- Hurricane Matthew: Haiti death toll rises to 339, deadly storm hits Florida
We are not as smart as we think we are. Want proof? Watch the recent episode of Satyamev Jayate on "elder abuse, senior citizens and their life?" We all know that a lot of seniors suffer due to a variety of reasons and all these reasons somewhere deep down, directly or indirectly are connected with money or rather the lack of money.
I am going to dare a prediction. People who are in their mid 40's or early 50's and will become seniors soon, are going to suffer much more and people now in mid 30's will suffer much more. It is hard to imagine. I present 6 reasons to support my prediction.
Money is need and to that extent being busy is fine. But we are way too busy trying to outsmart anyone and race-out everyone around us. This calls for a lot of time commitment. Obviously we have no time for anyone else, children specifically. History will thus amplify and repeat itself. We had no time for parents and our children will have even lesser time for us. We are moving across cities and our children will move across countries. It is already happening. Our parents took care of us and so we try to care for them. We perhaps spend quality time with children only on holidays; we will reap only what we sowed.
Many believe that their companies will take care of their needs when they retire. Such support is unlikely to be adequate. However, ponder over the rationality of the support formula for companies promising defined benefits; for example, if your last earned salary is going to be Rs 12 lakh pa, at a 6 per cent pension annuity rate, your company will need to fork out a corpus of Rs 2 crore just for you. Multiply that with number of employees. Do the math. Is there provision for such an outlay?
- Revealing Elena Ferrante’s identity violates her desire for privacy
- Breakdown of LoC ceasefire will make it difficult for army to control infiltration
- Academic publishers suit shows how much they benefitted from intellectual commons
- Lack of unity has prevented Sindhi nationalists from pressuring Islamabad
- India must be prepared to deal with a disease that is growing globally
- Challenge for India’s leaders is to show that strength can be blended with subtlety & deftness