In recent times, most of people buying goods on lease and with attention cards which put them into financial obligation. However, there are various reasons as society, marketing strategies and materialistic possession. Some of things that people can do address these problems such as strict laws and motivation.
For a number of reasons, most of people are facing loan issues due to flaunting status. This is to say that, with the help of social media people showing their luxury lifestyle to each other because of the fiercely competitive world and they have constant pressure to live up to expectation through buying costly things which they can only afford by leasing them or lending a loan. For demonstration, people give respect to them who got material possession in their society. On top of that, people are becoming victims of false promises made in advertisements. By this I mean, Most of the Television channel uses a glamorous way of displaying various products by using animated design and graphical images to sell the products which make people run out of money. To illustrate, Brand such as Adidas, channel always takes famous celebrities to show their outlet which always attracts consumer to buy it.
Nevertheless, there are several things which can be done to solve this huge issue. One of them is
a clear regulation regards the issue of credit cards and payment plans offer. In other words, regulated bodies should check credit score and financial asset of people who want to owe loan to protect them from adverse effects and must be ensured limit given to them must be aligned with their income. For example, banks always checks, savings, asset and fixed income for last 9 months while issuing the credit card to their customers. Moreover, creating awareness among people will be valued booster. Government should create some motivational program to divert people from shopping malls to other places such as gyms, library and charity organization which can be beneficial for them and others too.
In conclusion, too much attraction towards materialism and competition bounds us to buy unnecessary things, but it can be controlled by self satisfaction and with governmental actions such as providing more public facilities.
In recent times, most of
people
buying
goods
on lease and with attention cards which put them into financial obligation.
However
, there are various reasons as society, marketing strategies and materialistic possession.
Some of things
that
people
can do address these problems such as strict laws and motivation.
For a number of reasons, most of
people
are facing loan issues due to flaunting status. This is to say that, with the
help
of social media
people
showing their luxury lifestyle to each
other
because
of the
fiercely
competitive
world and
they have constant pressure to
live
up to expectation through buying costly things which they can
only
afford by leasing them or lending a loan. For demonstration,
people
give respect to them who
got
material possession in their society.
On top of that
,
people
are becoming victims of false promises made in advertisements. By this I mean, Most of the Television channel
uses
a glamorous way of displaying various products by using animated design and graphical images to sell the products which
make
people
run out of money. To illustrate, Brand such as Adidas, channel always takes
famous celebrities
to
show
their outlet which always attracts consumer to
buy
it.
Nevertheless
, there are several things which can
be done
to solve this huge issue. One of them
is
a
clear
regulation regards the issue of credit cards and payment plans offer. In
other
words, regulated bodies should
check
credit score and financial asset of
people
who want to owe loan to protect them from adverse effects and
must
be ensured
limit
given
to them
must
be aligned
with their income.
For example
, banks always
checks
, savings, asset and
fixed
income for last 9 months while issuing the credit card to their customers.
Moreover
, creating awareness among
people
will
be valued
booster.
Government
should create
some
motivational program to divert
people
from shopping malls to
other
places such as gyms, library and charity organization which can be beneficial for them
and others
too.
In conclusion
, too much attraction towards materialism and competition bounds us to
buy
unnecessary things,
but
it can
be controlled
by
self satisfaction
and with governmental actions such as providing more public facilities.