If there is no social security, rural agricultural insurance should also be paid. Don't think about spending hundreds of dollars a year now, because it's not a feeling to spend hundreds of dollars when you can still make money, but it's still very important to pay hundreds of dollars a month in old age, which can still solve the most basic living security of individuals.
Besides social security and medical insurance, I have to save some money myself. Some children of farmers born in the 1970s can earn money. At this time, try not to spend all the money I earn on my children, and don't think about their future returns. Facts have proved that parents spend money on their children without reservation. Although this is a kind of selfless love, we will know the result when we are old.
If you meet a filial and rich child, it is your own blessing, but for farmers, the living conditions of most children are also very average. Even if they want to honor their parents, they will be very calculating because of various pressures in life. If you meet those ungrateful children, not to mention, the old people usually have a tragic ending.
As a farmer born in the 1970s, we must do a good job in personal savings. If you are avant-garde and know some common sense of financial management, you can make a fixed investment in the fund or buy long-term financial management products from the bank. At this age, we must invest steadily and not rashly. If you are really not sure about financial management, you can also make time deposits, try to be a "Qian Shengqian" and reduce depreciation.
When you get old, whether it is endowment insurance or wealth management deposit, it is the most practical guarantee for individuals, which is more reliable than relying on others to provide for the elderly. If you have ample savings in your later years, you can also take out some to supplement your children, which is much better than asking your children for money in your later years. This is a personal real feeling for your reference.