Some people get into debt by buying things they do not need and are unable to afford. What are the reasons for this behaviour? What action can be taken to prevent people from having this problem?
Some
people
owe money because they purchase unnecessary goods that they cannot afford. Relentless advertising in the media
and the easy availability of credit
are the main reasons for this
, and I believe it is the responsibility of governments to intervene and issue stricter guidelines to prevent irresponsible lending and to regulate advertising in the media
. Advertising in the media
has caused many people
to go into debt. Clever marketing can lead people
to believe they need something when in reality they do not, driving them to spend unnecessarily. Another reason that people
are buying things they cannot afford is the fact that credit
is easily available. Nowadays financial institutions make it widely known that anyone can get a credit
card or a loan. For example
, wonga.com has been heavily criticized in the United Kingdom for providing short-term loans at high interest
rates that can be instantly sent to someone’s bank account after applying online. These practices could be curbed through government regulation of excessive advertising and unsound lending practices. Add a hyphen
high-interest
In other words
, if governments capped the amount of advertising allowed in the media
and required applicants for loans or credit
to prove that they have sufficient income, people
would be under less pressure to spend recklessly and also
would not have the means to do so. For example
, in Germany, a person is not allowed to borrow more than 10% of their annual income in any one year, and if they do, the bank will be penalized with a heavy fine. In conclusion, rampant lending and excessive marketing have led to many people
being burdened with debt, but this
can be avoided if authorities regulate advertising and loans.Submitted by serdarbabaeski on
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Use cohesive linking words accurately and appropriately
Linking words are very important in your essay.
To score effectively on your IELTS exam, you should make an effort to implement short concise sentences coupled with linking words.
Almost every sentence in your essay should have a linking word of some sort.
In fact, the only sentences that can omit linking words are your background sentence and thesis.
Linking word examples:
- firstly
- secondly
- thirdly
- in additional
- moreover
- also
- for example
- for instance
- therefore
- however
- although
- even though
- despite