Read this in The Manila Times digital edition.
MOST Filipinos rely on social security for their retirement. However, despite the evidence in the past that depending on the government retirement program will surely lead us to despondent golden years. Still, from generation to generation, this is a considerable debate about whether to invest in it or just be faithful for the future.
Of course, people have yet to learn what will happen in the future. We can only look back in history to glimpse what might happen in the future. It was unforeseeable in 1974, during one of the highest inflation periods; in 1984, when political unrest was high; and in 2008, when the US Dot-com bubble burst. As a result, inflation accelerated to 6.9 percent in September, the highest in four years, bringing year-to-date inflation to 5.1 percent.
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