EnglishClub ESL Forums

Do you think people borrow too much money these days and buy too many things on credit?

Tell us what YOU think!

Shopping and other trading activities are commonly all over the world. It started from developed country and then developing ones are following. Using credit card help consumers on reduce time and other complicated things of using cash. Credit card likes virtual money, people feel more comfortable to carry with their wallet. In addition, people could borrow the bank directly by using credit card in case of there is not enough money in their account. Because of quickly, highly convenient in order to using credit card, people buy too much things without thinking. Money which people borrow as much as goods people buy.

1. In my opinion banks do their business on the edge of the criminal activities for taking the customers in with their "products" such as credit lines, credit cards etc..
2. Minus on the credit cards should be forbidden what means that the credit cards should be called off once and forever and a new card established which should, if need be, substitute the cash and nothing else.
3. Customers are more irresponsible and stupid then it is possible to imagine.
4. Advertising of bank products should be forbidden too.
5. A bank in one country could be controlled by the state authority organisation but in the new global village it isn't possible so that banks do what they want to do.
6. Money from banks from the very rich countries which has been "invested" into undeveloped countries destroyed the undeveloped countries completely.(not the economy only but everything). Also the banks invested so much money into these undeveloped countries all over the world fighting for so called liberal capitalism that they became shy with money for their businesses in their own countries.
So the globalisation have eaten its own children.
7. Man kind must stay on the ball and think about all that has been done.

For example once upon a time and in the north of Canada, Alaska and similar teritorries there were some people who had a sledge and a few dogs and optionally a shack, hut or a little better house. With that property they were very satiesfied and nobody couldn't have moved them from those, for todays people, terrible life conditions. They wouldn't move south so as to find easier way for living for any money. Today's guys are not satiesfied with their limos if their's engines are not over 6000cc. And they get tired if they must get out of the car three times in just one hour just to release themselves of the pain in their backs.

What today's average man possess in his life?

A house? No!
A car? No!
A motorbike? No!

He has a credit line only and for his whole life!

Lucky ones!

In my opinion , in the developed countries many people borrow money from the bank .
However , credit card made people lives easy . but in any crises many people harmed . because they loan a lot of money from bank. eventually . they must pay to bank but there is no money .
thanks

since money is easy to be on hand so it can used not only for needs but also for silly things to buy just becuse we like them for a momment

but let people in debt step by step without feeling with that
the real problem is borrowing become part of culture

yes, I think that . People nowadays are more easy going by any adds and feel strong stress upon their heads. So , as an escape from the real stance , they try to buy much more things over their demand which make them in need to borrow from others, depend on credit cards or even force them to commit a theift to fulfil their desires.

we should plan our needs and make a balanced budget to live independently and feel comfortably

Not now days. 2-5 years back they started this habit and now they are facing its consequences-" RECESSION". Now they have learned from their mistakes and they will recover from it in 1-2 years.

many people require credit irresponsibly. There are exceptions, someone really needs it, but many have not. used for luxury goods, travel, while others for home or car.
nekem nincs hitelem, kivárom amíg lesz pénz

That's the reason for the exist of the banks...!!!:))

TalkingPoint wrote:Do you think people borrow too much money these days and buy too many things on credit?

Tell us what YOU think!

People just became smarter I guess. Greed became very obvious, then leads to distrust others.

Nowadays, People buy more than what they need and as a result they eventually borrow money to be able to pay for their bills and pay checks.But the REAl question here is whether introducing credit cards to everyone was a good decision or a bad one. If you think about it, many countries went into depression because of this "issue" so should it keep going or should it stop before it reaches to an uncontrollable limit...

My opinion is that I agree that people burrow too much money these days and buy many things on credit. It seems much more easier for people to carry their credit cards in their wallets rather than having to carry their cash and coins along with them everywhere. People can also burrow money from the bank, which most of the time is really helpful for them, because if they really are needing money, out of their own, they can get it easily, and what is better is that they can return the money at any time (if their isn't a very specified time, mostly banks allow for one whole year), and they don't have to care so much about it. People buy before thinking whether it is a need or a want, before thinking if it would help them by its usage or not. They just buy whatever they want, since "we have the money, we have the time, and we have the strength" phrase is still there. But before anyone buys anything, there is something that grabbed their attention, maybe advertisement, or any other eye-catching product. You can say that customers are sometimes irresponsible for their actions and what they spend whatever they buy on! People who own credit cards have an easier life, but if any economical problem happens or occurs in the bank, they will turn their "easy" lives into "hard and depressing, full of bad luck" life, from their point of view.
But these crisis rarely occurs.
Thanks...
Raghad