Some people get into debt by buying things they don't need and can't afford. What are the reasons for this behaviour? What action can be taken to prevent people from having this problem? Give reasons for your answer and include any relevant examples from your own knowledge or experience.

Many people accumulate debt because they purchase items that are unnecessary. I belive that people go into debt due to societal pressure and influence by advertising. To prevent this, financial education and stricter lending regulations are necessary.This essay will examine the main reasons for incurring debt and possible solutions to this problem. A key reason […]