...where kids take care of their parents when they're old. Parents are not thrown out in old age homes once they retire, become disabled or too old to work.
In this society, you can worry a little less about saving every penny for retirement, and enjoy life a bit more. Because you know your kids will take care of you. Because you took care of your parents. Because they took care of theirs. And so on and so forth.
Of course, nothing is certain i.e. its possible that you took care of your parents, but your children, in spite of raised in that culture and seeing all that, don't take care of you. But even if you could expect to rely 20% on your kids, you can perhaps save 20% less for your retirement and enjoy 20% of your life more when you are young, healthy and energetic. This 20% enjoyment will inherent a value much more than 20% with all these 3 factors.
Do you see any problems with such a society?
In this society, you can worry a little less about saving every penny for retirement, and enjoy life a bit more. Because you know your kids will take care of you. Because you took care of your parents. Because they took care of theirs. And so on and so forth.
Of course, nothing is certain i.e. its possible that you took care of your parents, but your children, in spite of raised in that culture and seeing all that, don't take care of you. But even if you could expect to rely 20% on your kids, you can perhaps save 20% less for your retirement and enjoy 20% of your life more when you are young, healthy and energetic. This 20% enjoyment will inherent a value much more than 20% with all these 3 factors.
Do you see any problems with such a society?
Imagine a society...