It is true that certain group of people fell into debt by purchasing items tht are costlr and not indispensable. There are numerous resons for this behavior, which can be controlled by initiating some remedial measures. Both reasons and remedies are discussed in the following paragraphs.
On the one hand, media such as TV and facebook prompting peope to buy unwnted and unaffordable goods. To ellucidate further, these media advertises plethora of luxuries things enormously and it triggers people to buy those items by taking loans and may lead to debt. For instance, in 2010, the times of India reported that suicidal cases are increased dramatically among house leaders due to bank loan which they were not able to return back. Therefore, everyone must live by understanding their limits. Moreover, imitating to live like other are the other cause. In other worda, tendency to follow poeple like film stars and rich people my lead ordinary person at risks.
On the other hand, these menace can be minimized to an extend by implementing certain steps. Firstly, strengthen the existing rules and regulations in giving loans and issuing credit cards. To explain it further, government must take necessry steps in thise area inorder to control the debt, because at present bank loans and credict crdsare given to all people irrespective of their jobs and needs. Which provoke them to buy unwanted itema. For example, in India, the agricultural loan can avail for anyone who few land and these money cn utilize for any purpose. So, it is necessary to make strict rules. On top of it, guidance must be given to families to balance their budget. Thereby debt can be controlled.
To recapitulate, dept is increased due to influence of the social media such as TV and faceboom and which can tackled by some laws by government in issuing credit cards and loans. Additionally, People must aware about the consequences of debt nd balance their budget accordingly.
It is true that certain group of
people
fell into
debt
by purchasing items
tht
are
costlr
and not indispensable. There are numerous
resons
for this behavior, which can
be controlled
by initiating
some
remedial measures. Both reasons and remedies
are discussed
in the following paragraphs.
On the one hand, media such as TV and
facebook
prompting
peope
to
buy
unwnted
and unaffordable
goods
. To
ellucidate
further
, these media advertises plethora of luxuries things
enormously and
it triggers
people
to
buy
those items by taking
loans
and may lead to
debt
.
For instance
, in 2010,
the times of India
reported that suicidal cases
are increased
dramatically
among
house
leaders due to bank
loan
which they were not able to
return back
.
Therefore
, everyone
must
live
by understanding their limits.
Moreover
, imitating to
live
like
other
are the
other
cause. In
other
worda
, tendency to follow
poeple
like film stars and rich
people
my lead ordinary person at
risks
.
On the
other
hand, these menace can
be minimized
to an
extend
by implementing certain steps.
Firstly
, strengthen the existing
rules
and regulations in giving
loans
and issuing credit cards. To
explain
it
further
,
government
must
take
necessry
steps in
thise
area
inorder
to control the
debt
,
because
at present bank
loans
and
credict
crdsare
given
to all
people
irrespective of their jobs and needs.
Which
provoke them to
buy
unwanted
itema
.
For example
, in India, the agricultural
loan
can avail for anyone who few land and
these money
cn
utilize for any purpose.
So
, it is necessary to
make
strict
rules
. On top of it, guidance
must
be
given
to families to balance their budget. Thereby
debt
can
be controlled
.
To recapitulate, dept
is increased
due to influence of the social media such as TV and
faceboom
and which can tackled by
some
laws by
government
in issuing credit cards and
loans
.
Additionally
,
People
must aware
about the consequences of
debt
nd
balance their budget
accordingly
.