A lot of people nowadays are spending too much money and they don’t save anything for future use. Is this a positive or a negative development?

Many people nowadays are spending way too much money and not saving anything for the future.

While

I understand that certain

individuals

prefer to live an unrestricted life with freedom, I strongly believe that

this

must be considered a negative development, as many potential problems can arise from

this

behavior

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behaviour

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. There are several reasons why

this

is highly likely to cause severe problems

to

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for

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individuals

.

Firstly

, many industries are dependent on

fast-fashion

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fast fashion

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, so many workers are strictly affected by

this

type of work, particularly the ones with a low wage and long hours of work.

For instance

, many children and teenagers are forced to work for long months on end for little to no money, leading to many health issues and severe poor conditions.

Secondly

, a lack of responsibility can result from

this

type of

behavior

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behaviour

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, leading to financial insufficiencies and possibly poverty.

Finally

, many children and teenagers are easily influenced;

thus

learning inadequate expenditure of money can lead to

further

consequences

to

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for

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newer generations with serious issues.

Furthermore

,

this

can

also

be seen as a type of addiction, causing a severe mental state if done

on

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in

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the

long-term

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long term

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. Many countries and regions should begin acknowledging

this

problem before it begins to spread widely across the globe.

Although

some have a big family, which causes huge amounts of expenses in day-to-day life and

overall

spendings

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spending

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, including groceries, shopping for clothes, and healthcare necessities, setting a strict budget to minimize excessive

spendings

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spending

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is crucial.

Additionally

, there is a massive effect on the earth's surface

due to

the greenhouse emissions,

such

as methane, carbon dioxide, and

nitrogeneous

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nitrogenous

gase

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gases

severly

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severely

affecting the population and the

overall

well-being of

individuals

. In conclusion, the excessive expenditure of

individuals

and families is increasingly growing which is

severly

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severely

dangerous to everyone

which

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and

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is causing many consequences and

under development

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underdevelopment

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of regions worldwide.