In many countries, people often talk about financial matters like earnings and expenses. Why is this happening? Is it a good or bad trend?

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In many countries,
people
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are increasingly open about discussing financial matters like income and expenses.
This
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trend
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is mainly caused by the rising cost of living and greater awareness of financial management. In my opinion,
while
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this
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development has benefits, it
also
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has drawbacks, making it a mixed
trend
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. One major reason for
this
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trend
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is the increasing cost of living. As prices for essential items
such
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as housing, food, and education continue to rise, many
people
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feel the need to share their financial struggles.
For example
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, families often discuss how to save money or manage their monthly budgets. Another reason is the growing emphasis on financial literacy. With the rise of social media and online resources,
people
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are becoming more aware of the importance of managing their money effectively.
As a result
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, they discuss savings, investments, and expenses more openly to improve their financial situation. On the one hand,
this
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trend
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is positive because it promotes better financial habits.
For instance
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, discussing money-related topics helps
people
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learn how to budget or invest wisely.
This
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can lead to greater financial stability and reduce stress in the long term.
On the other hand
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, openly talking about income or expenses can create unnecessary competition or pressure.
People
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might feel judged or inferior if they earn less than others, which can negatively impact their mental health.
Moreover
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, constant comparisons can lead to feelings of inadequacy or dissatisfaction. In conclusion, the growing discussion about financial matters is driven by higher living costs and increased awareness of financial management.
While
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this
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trend
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has positive effects,
such
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as encouraging better money habits, it
also
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has negative impacts, including stress and unhealthy comparisons.
Therefore
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, I believe
this
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is a mixed
trend
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with both advantages and disadvantages.
Submitted by mahmoudbenjawad on

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task achievement
Try to expand on certain examples and explanations to provide a more detailed comparison between the pros and cons, such as providing specific instances of how financial discussions might impact mental health more deeply.
coherence
Make sure transitions between paragraphs and ideas are smooth to maintain the logical flow of the essay. Consider using more transitional devices or phrases.
coherence
The essay has a clear structure, with an introduction, body paragraphs, and a conclusion, which helps the reader to easily follow the writer's argument.
task achievement
The topic is effectively addressed, and both sides of the argument are explored, showing a balanced understanding of the issue.
task achievement
The essay uses relevant and specific examples that help in explaining the main points, which adds depth to the argument.

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