In many countries, people increasingly talk about money such as how much they earn or how much they pay for things in their daily conversations. Why? Is this a positive or negative trend?

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In recent years, people in many nations around the world are more likely to discuss their earnings and expenses with others.
This
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essay will explore the reasons behind
this
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and how
this
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can
attribute
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contribute
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both advantages and disadvantages to society. There are two main driving factors behind why the conversations about
money
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are noticeably increasing in different parts of the world.
Firstly
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, with the costs of living increasing, individuals are struggling to make end meets, and
this
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can lead them
more
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apply
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to talk about finances in an effort to reduce their spending and find a way to make more
money
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.
Lastly
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, there is an emphasis on material possessions over other values nowadays.
As a result
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, the willingness of persons to converse about their wealth and social status becomes to a greater extent. On the positive side,
this
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trend can promote financial education and literacy, helping individuals to make better financial decisions and manage their cash more effectively.
Moreover
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,
this
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can assist to reduce the stigma associated with financial struggles and make it easier for people to seek help or support.
On the other hand
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, discussing
money
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openly can lead to social comparison and feelings of inadequacy.
Additionally
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,
this
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can
also
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raise privacy concerns, as personal financial information is freely shared. For
an
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apply
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instance, sharing financial status in a public setting can
rise
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raise
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up the risks of various forms of financial fraud. In conclusion, the trend of openly discussing
money
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has both positive and negative effects, and it is crucial to strike a balance between its pros and cons. From my perspective,
this
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trend can be more beneficial to nations if they can try to keep respecting privacy and
avoiding
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avoid
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unnecessary social comparisons
while
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also
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freely sharing their incomes and how to use them.
Submitted by Myat on

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Topic Vocabulary:
  • consumerism
  • materialism
  • financial transparency
  • societal taboos
  • economic fluctuations
  • financial management
  • financial literacy
  • purchasing decisions
  • wealth glorification
  • economic stratification
  • social comparison
  • peer pressure
  • income disparity
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