A fund solely for children’s savings

Letters, Normal

The National, Thursday 15th December 2011

MANY Papua New Guineans are dependent on their parents and family members even though they have started their own lives.
That is our Melanesian way of life.
As a result, we are putting more stress on our parents and family members.
I believe this has also contributed to a lot of violence in our society.
Many of our citizens have joined the working class compared to 20 years ago either in the public or private sector.
But at the end of the day, not many people have savings for their children.
The children will continue to struggle.
While some may find success, many are caught in the vicious cycle like their parents earlier.
Even though it is the responsibility of the parents to create savings for their children, it is hard to do that in the Melanesian way of society.
In order to save for our children tomorrow, I call on the government to set up a savings fund.
It could be something similar to our two super funds but deals with our children’s savings only.
This will force parents to put something aside for their children.
Money can be automatically deducted from the payroll.
I strongly believe if the government could set up a children’s savings fund, it will help them when they strike out on their own.

Joseph Imbum