Some people think it is better for a country's economy for people to spend money, while others believe that it would be better for people to save money. Discuss both views and give your opinion

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For economic progress, some people assert that people ought to spend their salaries;
however
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, some would argue that people had better save their
money
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. While expanding
money
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would result in economic robustness, I believe that amassing
money
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for the future would help them get rid of financial worries. On the one hand, spending
money
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can help governments develop their countries.
In other words
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, the main income for the State is the amount collected from the public in the form of taxes they have paid by making a purchase.
This
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money
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,
therefore
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, be utilised to reciprocate in a constructive way - making education more competitive, introducing state-of-the-art health care system-which,
consequently
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, lifts the living standards of citizens. In the West,
for instance
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, people are encouraged to spend their earnings with a view to delivering sophisticated amenities to individuals.
However
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, I think that in
this
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way people might become materialistic and squander their hard earned
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money which
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money, which
,
otherwise
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, would have been saved and used in difficult times.
On the other hand
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, accumulating wealth comes immensely handy in the twilight phase of
individuals life
Suggestion
an individual's life
individual's life
the individual's life
individual life
individuals' life
. People's capability to work and manage their overhead expenses deteriorates with the span of time, and they often struggle to meet both ends. Given the unavailability or decreased incomes they have to resort to government's old age schemes to support themselves, which are usually inadequate to provide the lifestyle - they dreamt in the young age.
Hence
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, if they have some savings to financially support their expenses, they would be able to relish the post-retirement period. Recently unveiled report file Life insurance Corporation
Limited India
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Limited, India
, it was revealed that around 75% working professionals are investing in insurance schemes to make their old age less problematic. In conclusion,
although
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spending could usher in development and more facilities, I reiterate that people should save their income in order to protect them from financial crisis in their later life.

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Include an introduction and conclusion

A conclusion is essential for IELTS writing task 2. It is more important than most people realise. You will be penalised for missing a conclusion in your IELTS essay.

The easiest paragraph to write in an essay is the conclusion paragraph. This is because the paragraph mostly contains information that has already been presented in the essay – it is just the repetition of some information written in the introduction paragraph and supporting paragraphs.

The conclusion paragraph only has 3 sentences:

  • Summary
  • Restatement of thesis
  • Prediction or recommendation

Example:

To summarize, a robotic teacher does not have the necessary disciple to properly give instructions to students and actually works to retard the ability of a student to comprehend new lessons. Therefore, it is clear that the idea of running a classroom completely by a machine cannot be supported. After thorough analysis on this subject, it is predicted that the adverse effects of the debate over technology-driven teaching will always be greater than the positive effects, and because of this, classroom teachers will never be substituted for technology.

Start your conclusion with a linking phrase. Here are some examples:

  • In conclusion
  • To conclude
  • To summarize
  • Finally
  • In a nutshell
  • In general

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Topic Vocabulary:
  • Disposable income
  • Consumer expenditure
  • Economic growth
  • Financial security
  • Standard of living
  • Economic downturn
  • Savings rate
  • Investment
  • Infrastructure
  • Innovation
  • Market demand
  • Economic stability
  • Interest rates
  • Macroeconomics
  • Sustainable growth
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