In many countries, as people are earning more these days they are also spending money in buying more and more items. Do you think it is a positive or negative development

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Over the years, people are spending profusely owing to higher incomes.
However
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, as the salary hikes, people gradually become addicted to shopping and saves less. In my opinion,
this
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can be detrimental to society as people will never be at peace and always be lured to earn more
money
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.
Firstly
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, as the monetary situation improves, the lifestyle of the people becomes expensive and they start investing in multifarious high-end products. To illustrate, many people buy new cars when their salary is increased, though the old car was functional and fulfilling all the requirements.
Secondly
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, a vicious circle of never-ending wishes for materialistic things gets started, when a person is overindulged in shopping.
Therefore
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, at the end of the month, they do not have funds in their banks, no matter how huge the salary is.
For Instance
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, countless people use credit cards at month end as they are short of
money
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.
Finally
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, savings for the future is minimized because of the extravagant style of living.
Moreover
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, incorporating the king-size lifestyle is easy, but compromising lavish lifestyle during monetary issues is extremely painful.
For example
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, many businessmen commit suicide after a business failure, as they are not able to degrade their standard of living.
However
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, the circulation of
money
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increases in the market, as the number of customer increases, but
this
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cannot suffice for the problems people go through by overspending. In Conclusion, people should not get trapped in the cycle of earning high and spending high. Attaining a balance between spending and saving
money
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is the main key to lead a quality life.

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