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

Lately, many
people
are in debt by purchasing expensive items that
isn't
Change the verb form
aren't
show examples
a necessity. I believe the primary reason behind
this
behaviour is the false advertisements that happen through social
media
,
in addition
to
people
trying to gain social status by owning expensive things. In order to keep
oneself
Correct pronoun usage
themselves
show examples
in check,
people
could hire accountants for themselves and be less indulged in the world of social
media
. Many
people
believe everything they see online, and repeatedly seeing
one
product used by many increases the desire to own the product.
Hence
, without even giving it a second thought,
people
place orders
on
Change preposition
for
show examples
a set item, even though it wouldn't be useful to them.
For example
, in the year 2018, 10,000 American families filed a petition to stop the production and mass advertisements of
the
Correct article usage
apply
show examples
miniature
hand sized
Add a hyphen
hand-sized
show examples
F1
cars
.
This
is because the desire to own the toy
cars
where getting out of hand, to a point where children stole $500 - $1000 from their parents to purchase the
cars
sold at a greater price in the black market. When surveys were taken regarding
this
incident,
one
pattern was seen in all the reports - Children wanted to own the
cars
because it was considered "cool" and they thought it would prevent them
for
Change preposition
from
show examples
getting bullied in school. The above is a classic example
on
Change preposition
of
show examples
how a company advertises its product in a way that makes its audience believe they would be higher up the social
heirarchy
Correct your spelling
hierarchy
. The solution to
such
problem
Correct article usage
a problem
show examples
is that
people
, mainly working individuals, could hire accountants to keep track of their finances.
This
way
one
could get realistic advice on
how
Correct word choice
what
show examples
one
's
back
Correct your spelling
bank
show examples
account looks like and how much
one
can afford
spending
Change the verb form
to spend
show examples
on unnecessary items.
Furthermore
, taking a step back from social
media
also
helps. In a recent study done by
University
Correct article usage
the University
show examples
of Delhi in 2020, researchers showed that
people
who aren't active on social
media
have more money in their savings account when compared to
people
who are indulged in social
media
. In conclusion, we must understand that social
media
glorifies owning luxurious, expensive items, which we must not fall
a
Remove the article
apply
show examples
prey
for
Change preposition
to
show examples
and the key to doing so is not to be so involved in social
media
.
Submitted by vani13padmakumar on

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Essentional vocabulary list for IELTS Writing 7+

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Topic Vocabulary:
  • consumerism
  • financial literacy
  • impulse buying
  • credit score
  • debt management
  • sustainable living
  • emotional spending
  • budgeting skills
  • peer pressure
  • retail therapy
  • frugality
  • credit limit
  • financial counseling
  • minimalistic lifestyle
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