Some people get into debt by buying things they don't need and can'f afford. What are the reasons for this behavior? 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 Fix the agreement mistake
problems
the
consumptive lifestyles. Change the word
their
Firstly
, with the existence of social media such
as Facebook or Instagram, more people
are showing off their luxurious goods, take
some photos and Wrong verb form
taking
upload
them into the applications and it triggers them to buy fancy stuff. Wrong verb form
uploading
Secondly
, with the significant growth in the number of elite malls
, they attract people
in spending more money on secondary needs such
as fashion, jewellery or gadgets. And lastly
, as applying and obtaining credit
cards
are easier these days, many people
are buying expensive things
which are greater than their income. As a consequence of this
hedonism
lifestyle, many Replace the word
hedonistic
people
are ended 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 playgrounds. Therefore
, people
would have more options for entertainments
Fix the agreement mistake
entertainment
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 Wrong verb form
have
problem
are
Correct your spelling
area
due to
the effect of social media, the increasing number of shopping Change preposition
apply
malls
and the easier procedure in obtaining credit
cards
. And to solve the issue, the government should make a better regulation
about Fix the agreement mistake
regulations
credit
card usage and build more public facilities; therefore
people
have more alternative places to visit beside
Correct your spelling
besides
malls
Submitted by thilaga.pt88 on
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