what does it mean when it is said "divide between the rich and the poorer retirees"

Expert Solution

It simply means that the amount of surplus savings that a rich person after retirement has is much more than the poor person having after retirement which directly means that the life of a poor person after retirement becomes very difficult as compared to the rich person and hence this creates a gap. This gap in the long run would construct in uplifting the status of the society and hence government should be devising ways and policies to ensure that this gap is minimum and everyone can live a comfortable life after retirement. This has been raised many times and the effects of the same has been noticed directly on the lives of people.

keosha answered 2 years ago

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