Where the feeling is right, and both generations reasonable and just,
there are still many problems of adjustment arising from an attempt to
bring either or both parents of the married couple into the same
household. The first problem is that of the financial support. It
ought not to be the case that any aged couple or any widowed father or
mother should be left wholly dependent upon their children. The demand
for better economic provision for the aged is one of the most vital
and pressing of social needs. The difficulty of taking care of the
father and mother when the children are coming on with pressing needs
of their own is felt acutely in cases of narrow income. The call is
almost universal to provide more adequately for grandparents. How can
we meet this call?
=The Financial Provision for Old Age.=--In the case of those whose
earning capacity is not equal to saving a sufficient old-age provision
while at work the claim for an Old-age Pension is growing. This may be
either a subsidy from the state, a joint pension from the state and
the employing business in which the man or woman has worked, or it may
be a threefold provision contributed to from the savings of the
laborer, the quota from the employer, and the state subsidy. Since no
insurance system that discourages thrift, or fails to encourage it, is
socially sound, the latter seems the best ideal. There may be, in
addition, or as a substitute, a family provision on the plan so well
suggested by Mr. Taber in his book, _The Business of the Household_, a
plan that calls for the definite setting apart of an "Old-age Fund,"
to which each child shall contribute in the years when he is earning
most, not as a gift but as a "deferred payment," as it were, for all
that the parents give in childhood. To this Old-age Fund any savings
of the father and mother may be added until a sufficient sum is
secured for comfortable care in old age. Mr. Taber indicates that at
least five dollars out of every twenty-five saved should be thus
assigned and invested only in the safest manner and held inviolate, no
matter what the temporary needs of the family may be, until the
work-time has passed. Whatever plan may be adopted, it is certain that
family well-being and the happiness of the aged alike call for a
better and more adequate old-age provision.
Public-domain text, read in full here on John Shaqi.
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