Some individuals purchase unnesscary materials through loans which are not affordale for thim. This is because almost all people want to look richer and these days internet is huge concern for this activity. However, I feel that it can be easily resolve by acceptance of reality and work harder for fulfill dreams.
Majority people get into debt because of buying luxury products for seeking attention of society. In other words, they buy only those things which just physically make them richer. Furthermore, In present time due to social media is the major problem of this consequence because particularly young people are attractive by the lifestyles of social stars through their posts in internet like flexing which luxurious cars, mobile and plans. For instance, in asian countries specifically, individuals purchase high cost mobile like Iphones through another moneys eventhough without any special needs.
The simplist solution of this problem is that people should consider the actual condition of live. This is becuase numerous people get into debt due to living in a imaginary life. That’s how people get to know the actual reality which leads to work hard for shaping life as they really want to be, and their are many real examples in our surrounding which become successful with their intense work which make them successful in their lives like Elon Musk.
To conclude, the main reasons of people felt into debt just wating the money unconventional products because of modern soceities environments like internet or social network and I think that the primary way to tackle this issue is work with determination, and believe in geniun conditions of lives.