Some people get into debt by buying things they don’t need and can't afford. What are the reasons of this behavior? What actions can be taken to prevent people from having this problem?

Commodities are inseparable segments of everyone's life. Some
people
,
due to
their spendthrift nature, speed a lot of their money on unnecessary and costly things and get into debt. There are a plethora of reasons behind
this
act that would be explained, which
along with
the conclusion, in the forthcoming paragraphs with its solutions. There are numerous reasons that provoke the
masses
to spend lavishly on expensive things and the foremost one is imitation of the affluent
masses
. The
people
who belong to poor
families
and middle-class
families
who do not live from hand to mouth watch various TV channels where rich folks wear expensive dresses and endeavour to purchase clothes and accessories.
As a result
, they come under the burden of debt. To cite an example, in India, an array of
masses
watch TV serials in which ladies and men wear too expensive dresses to purchase.
Nevertheless
,
people
belonging to middle-class
families
buy those in order to eat a humble pie.
Consequently
, they become liable to pay the debt to banks.
Nonetheless
, affirmative actions should be taken to grasp the nettle of the spendthrift nature of the public making them aware of severe consequences by running campaigns in public places, schools, colleges, and universities as most the populace visit these places including educational institutions where thousands of students study.
In addition
to
this
, middle-class
families
should avoid visiting supermarkets that incite
people
to make more purchases.
For example
, the higher authorities should come forward to make the
people
aware of the notion of stretching your legs as far as the blanket allows in the whole of India. In a nutshell,
although
, it is essential to spend on things that are needed by
masses
Correct article usage
the masses
show examples
, the negative consequences of excessive spending cannot be neglected.
Hence
, not only the legislation, but individuals
also
should make an effort to overcome
this
problem.
Submitted by jatinderpanaich328 on

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