Some people get into debt by buying things they don't need and can't afford. What are the reasons of this behaviour? What action can be taken to prevent people from having this problem?
Recently, irresponsible financial decisions
are
made by individuals. Wrong verb form
have been
Moreover
, it is a result of reckless spending. In this
essay, it will be discussed how the educational system and consumerism play a significant role in this
situation and how this
problem could be solved.
Firstly
, business classes are not usually taught among young students, leaving them unprepared for the financial responsibilities they will encounter in adulthood. For example
, it is commonly known that money management and investing are not common skills for them until they become adults. As a result
, irresponsible expenses are made due to
a lack of proper financial education. This
issue could easily be addressed through systematic reform, putting a heavier emphasis on teaching financial management skills in schools. If young people were educated about money from an early age, they could avoid many of the pitfalls that lead to financial instability later in life.
Secondly
, in a materialistic society, goods and services are easily and rapidly replaceable. Modern consumer culture encourages frequent spending, and the data suggests that buying new products is preferred rather than attempting to repair preexisting objects in approximately 80% of American consumers. Consequently
, funds are wasted on unnecessary items instead
of being used for something more productive, such
as investments, savings, or long-term financial planning.
In conclusion, changes have to happen rapidly in order to prevent the entire economic system from collapsing in the near future. Growing capital and savings is unpopular, which is an issue that I believe must be addressed immediately. Therefore
, I believe that governments should encourage citizens to make smarter financial decisions by increasing interest rates or lowering taxesSubmitted by alessandro.talese on
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task achievement
Expand on the specific examples related to financial mismanagement to provide a more impactful argument. For instance, use more than just a general mention of statistics—provide sources or elaborate on the study's relevance.
task achievement
Ensure that the solutions proposed are more detailed and feasible, including actionable steps and realistic interventions. For example, explain how increasing interest rates or lowering taxes would benefit individual financial habits.
coherence cohesion
Make sure there is a logically connected flow between paragraphs. Use transition words and phrases to enhance the connectivity between your points and make the text easier to follow.
coherence cohesion
Clarify your conclusion by ensuring it aligns directly with the points discussed in the body of the essay. Make the summary more conclusive and reflective of the provided discussions and solutions.
structure
The essay has a clear structure, with a defined introduction, body, and conclusion. This helps in understanding the argument being made.
language
The language used is generally clear and understandable, making the ideas accessible to the reader.
Your opinion
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