Because today's children has no respect and time for their parents.
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Yes,we need old age homes in present society.As self centeredness is increasing day to day in the people of present society. These are becoming more selfish and they do not even care their parents. So at the last age of the parents life they can't even work more and they need more care,this care will be taken by old age homes.
So, the old age homes are needed in the present society.