Some people think that saving money in the bank can support the elderly, which is much more reliable than paying social security. Is that really the case?

Everything is relative. Putting money in the bank has advantages and disadvantages compared with paying social security. Advantages: It is safe and convenient to put money in the bank. Even if the deposit insurance system is implemented, the principal and interest within 500,000 can be fully guaranteed. And the possibility of bank failure is extremely low. If we have six state-owned banks, it is almost impossible to fail. Disadvantages, the investment income of bank deposits is much lower than that of employee pension insurance. For example, pensions are related to the average social wage. Our salary has risen from tens of yuan in the past to several thousand yuan now. If we put our money in the bank, we can't achieve such growth.

Savings pension is a sum of money, but it can't avoid the pressure of inflation. If a person has no money, but is embarrassed. Just like medical insurance, it has great leverage. Although employees pay thousands of dollars in medical insurance every year, they can enjoy tens of thousands or even hundreds of thousands of dollars in reimbursement when they are sick. In particular, the proportion of reimbursement after retirement is still very high, and there is no need to pay, which is worry-free and easy. As the saying goes, as long as you can afford it, it is best to participate in social security. After all, joining social security is equivalent to joining the mutual protection of the whole social family.

You can't replace social security with savings, because you can enjoy pension benefits after social security, and pension benefits can be collected for life, and pension benefits will continue to increase every year. Pension can also resist the pressure and risk of inflation. But for our savings, the more we spend, the less we spend. Undoubtedly, secondly, the interest rate level of deposits, especially the current interest rate level, can't resist the pressure brought by inflation, so your current deposits may be related to decades later. When you really retire, saving is not a reciprocal relationship. So, what should we do? Paying social security is normal. If you have a work unit, there is no need to consider this issue, because you can pay social security through your work unit.

But if you don't have a work unit, individuals will choose to pay social security in the form of flexible employment. As long as the minimum payment period exceeds 15 years, you can receive a monthly pension when you reach the legal retirement age. On this basis, we have some savings, so our future pension life is relatively good. At present, social security must be paid for 15 years to receive pension and enjoy retirement medical insurance. Therefore, if you don't have enough money, you must pay social security. Payment 15 years to meet the conditions for receiving pension after retirement. Whether to deposit in the bank or pay social security depends on personal wishes. Which is more reliable depends on life. Short-term deposit in the bank is cost-effective, and long-term deposit in the bank is cost-effective