Nowadays due to the advanced technology and new developments,the rate of dept is dramatically increasing.Few people feels that dept by purchasing things that donot need and cannot affordable.In this essay,I will discuss the reasons and solutions with relevant examples.
To begin with ,technologies are advanced and it have a vital role in individuals life.People are pursuing new things such as ,gadgets ,home appliances and so on for unnecessary. The only need is to show off the other people and to live as a luxurious life and then cause dept at last .To prevent this issue,government should provide a tax for things which has high amount
Moreover the other reason for dept is curiosity.On the other words,society wants to experience the facility of high cost accessories,because of the service.As we can see that,development helps society to smoothen their lifestyle,therefore,most of the people like to experience. To overcome this problem,society should aware the populace about the after effects of depts such as ,the consequences and the negative side of unnecessary needs.
To conclude the essay,there are numerous reasons for get into a dept and one of the major causes is that,to show off to the society by leading a luxurious life and the other one is ,the curiosity of purchasing the features.To tackle this issue,government should provide a proper taxes on these items,which cost huge amount,moreover society should aware about the consequences of burdens
