Some people get into debt by buying things they don`t need and can`t afford. What are the reasons for this behavior? What action can be taken to prevent people from having this problem?

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My friend Peter owns a lot of useless and expensive goods at home. These products make him into trouble as he gets into debt. In modern days, more and more
people
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are in the same situation. Why does it happen? How can we resolve
such
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a problem? I will offer my answer in the following. Today's world is a highly capitalized one, and
this
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environment causes
people
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to fall into the mentioned predicament. In
this
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capitalized society, rich
people
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are always be admired. And
hence
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owning luxury products,
such
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as LV bags or Ferrari cars, has become a self-identity, which represents that you are in the top class of society. In
this
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way, many
people
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still purchase unnecessary expensive products even if they are not really rich and cannot afford them, since they want to make themselves look like rich guys, top-class
people
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.
This
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unreal self-identity gives them satisfaction and happiness. I suggest two ways to address
this
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issue. The
first
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is for the government. The government may impose more restrictions on the banks, not allowing them to provide loans to their customers easily. Only clients with reasonable purposes can borrow a large amount of money from the banks. And borrowing money to buy unaffordable luxury goods is not a reasonable one. The
second
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is by education. School teachers and parents should help teenagers build up a correct attitude. Whether you are a rich businessman or an average working class, you will be admired and praised by others once you pay your heart to your business or job. It is unnecessary to make happiness from buying luxury goods. In conclusion, I argue that many
people
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are affected by the capitalized atmosphere. They wish to have an unreal self-identity by buying expensive things. To prevent
people
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from taking
such
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an action, I suggest governments impose regulations on the banks.
In addition
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, helping
people
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build up correct value judgment through education is crucial.
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