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?

In the contemporary world, it is underestimated the value of saving rather than spending.

Moreover

, some

people

get dept by

purchase

Wrong verb form

purchasing

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unnecessary or unaffordable stuff and it has become a huge social problem. I will explore the reasons for

this

phenomenon and how to prevent

this

problem.

Firstly

,

this

behaviour has a profound connection with the dominant trend that when

people

value the product the brands and makers are to be considered

first

then

how practical is it.

Hence

, even if the product is overpriced

people

buy it for vanity to show off.

Additionally

, as the

advertisements

advance it has

Add an article

the

a

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power of persuading from stimulate

buyers' vanity

Change noun form

buyers

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who cannot even afford them.

For instance

, there are many forms of

advertisements

,

however

, mostly they illustrate the message of elegant

people

deserve

Change the verb form

deserves

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elegant goods.

Secondly

, how can we solve or even prevent

this

situation is that proposing a regulation to the commercial industry and in school at economy class teaches how to manage your asset and what cause bankruptcy. To elaborate, the regulation must include that any

advertisements

should not hide implied messages to encourage buyers' vanity and focus on the functions and what it made of.

In addition

, in the economics textbook, we have to emphasize the importance of saving or investing for the future and enlighten pupils that debt can bring disastrous consequences to your economic status. To conclude, it is obvious that showing off to impress others is meaningless.

Therefore

, we need to regularize the

advertisements

that encourage

people

to ruin their economic credits.