Elderly individuals often rely on the interest earned from their bank savings to meet their living and medical expenses. However, with interest rates at an all-time low, this source of income has dwindled significantly. To alleviate this financial burden, immediate action is necessary.
Firstly, it's imperative to extend old-age allowances to individuals over the age of 70 without delay. Additionally, providing senior citizens with fare reductions or concessions for railway travel would offer practical assistance. Moreover, modest increases in bank interest rates and savings certificate yields would enhance the financial stability of the elderly.
By implementing these measures, seniors would regain a sense of dignity and self-reliance. They will be able to meet their medical and everyday expenses without reliance on others. A compassionate approach from the government towards the elderly is crucial for ensuring their well-being and quality of life. These steps would not only alleviate financial strain but also demonstrate societal respect and appreciation for our older population, fostering a more inclusive and supportive community.
Towhid Rana
Student,
Jahangirnagar University