1)Some people get into debt by buying things they don’t need and can’t afford. What are the reasons for this behaviour? What action can be taken to prevent people from having this problem?

It is a fact that people are becoming more consumptive and materialistic these days, as many of them purchase luxurious goods or things that they do not really need and debts are common among

such

people. There are various reasons that have caused the situation and the following essay will discuss them and some of the things that people could do to address the

problem

. For a number of reasons, many people are facing debt

problem

nowadays due to the consumptive lifestyles.

Firstly

, with the existence of social media

such

as Facebook or Instagram, more people is showing off their luxurious goods, take some photos and upload them into the applications and it triggers them to buy fancy stuff.

Secondly

, with the significant growth in the number of elite males, they attract people in spending more money on secondary needs

such

as fashion, jewellery or gadgets. And

lastly

, as applying and obtaining

credit

cards is easier these days, many people are buying expensive things which are greater than their income. As a consequence of

this

hedonism lifestyle, many people are ending up with a serious

problem

of debts. There are several things that people could do to solve the

problem

. One of them is that there should be a clear regulation about

credit

cards that must be followed by banks and financial institutions, regarding the procedure of issuing

credit

cards to their consumers. It must be ensured that the

credit

limit

that is

given to

credit

card holders is aligned with the individual’s income. And

then

,

instead

of adding more malls in the city, the government should focus on building more public parks and children's playgrounds.

Therefore

, people would have more options for entertainments

besides

going to the shopping centres. In conclusion, it is true that a lot of people are having debt problems, as they purchase luxurious stuff and having fancy lifestyles. Some of the factors that trigger the

problem

are due to the effect of social media, the increasing number of shopping malls and the easier procedure in obtaining

credit

cards. And to solve the issue, the government should make a better regulation about

credit

card usage and build more public facilities;

therefore

people have more alternative places to visit beside malls.