Indubitably, since the dawn of civilisation, food, clothing and shelter altogether make up the basic needs of man to survive in any kind of environment. It is often argued that impulsive buying capacity of the people in developed nations is more as compared to poorer countries. However, it is a destructive trend.
Apparently, buying numerous stuff or things paves the way for a negative environment. First and foremost, not only does it creates a misconception of security ,but also the false hope of happiness of owning things in abundance. To vindicate, according to the BBC research 70% of the population was found to be dissatisfied and suffering from depression apart from being wealthy. Secondly, unlike the bygone days when there was no race for the survival, these days there is a cut-throat competition in every prospective career opportunity and due to this stress has multiplied. Hence, buying additional products could enhance the spectrum for tension for an individual.
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Furthermore, the younglings are indulging in the rivalry for having the most latest and new products by getting distracted from their academic routine. To corroborate, according to an article in Forbes, the percentage for the results in board examinations dropped by 20% in the year smart phones were launched. Moreover, do the buying of products indefinitely only affect the upper class? Certainly no, this trend may persuade the lower class people to adopt illegal, corrupt or self-centered practices to quench their unlimited desire of gathering more possession. Therefore, this trend could not be considered positive in any aspect.
To recapitulate, neither the reasons nor the repercussions of unnecessary acquisition has any constructive dimension. Therefore , the trend for overspending is not at all encouraging for any age group individuals or any nation worldwide.
Impressive overview. 👍
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