Many people prefer to spend all the money they earn and not save it. What are the reasons for this? Is this a positive or negative development?

In
this
era, inhabitants live hand to mouth since they do not like to
do
Unnecessary verb
apply
show examples
preserve money for their future. The possible causes for
this
trend would be discussed below and I consider it as a negative change.
To begin
with, dwellers prefer to utilize all their earnings regularly because of many reasons.
Initially
, they believe their fundamental aim is to enjoy their life
at
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to
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the utmost.
Consequently
, they want to turn every second of life into
unforgettable
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an unforgettable
show examples
moment, no matter, how much they have to spend.
For instance
, youngsters frequently visit with their friends to recreational clubs for dancing or playing games.
Besides
this
, in
this
hectic lifestyle, they are suffering from enormous mental disorders and try to relax in the way they prefer.
In other words
, specifically in
western
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Western
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nations, dwellers work very hard
in
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on
show examples
their weekdays, and to relieve from stress
of
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apply
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personal and professional life, on the weekend they entertain themselves.
Also
, occasionally they spend their money on expensive clothes, shoes, or other services for
purpose
Correct article usage
the purpose
show examples
of
show
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showing
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off among companions.
Furthermore
,
this
development has brought considerable drawbacks. To commence with, in the urge of being rich or
enjoyment
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enjoyable
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people run out of money,
Infact
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In fact
after
loss
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the loss
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of employment they found it arduous to
fulfill
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fulfil
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fundamental needs and suffer from
financial
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the financial
a financial
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crisis.
For instance
, newspapers frequently
entitles
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entitle
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regarding
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about
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victims of unemployment, who had committed
crime
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crimes
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or suicide,
due to
financial
break down
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breakdown
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.
Apart from
this
,
economical
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economic
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crisis
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crises
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within countries have a considerable impact
upon
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on
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common
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the common
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man.
For example
, inflation following
pandemic
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the pandemic
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have
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has
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risen the cost of all the provisions, in certain situations,
aperson
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a person
used to
of
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apply
show examples
keep savings
is
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apply
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could only afford high grocery, transportation or rental services. In conclusion, instability in
expenditure
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the expenditure
show examples
of income for the purpose of entertainment or to receive fake pride leads to financial breakdown. To curb
this
, seminars to acknowledge
public
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the public
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regarding
balance
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the balance
show examples
between income and assets ought to be provided by high authorities or educational institutes.
Submitted by jhajjravneet9 on

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