Sunday, 15 February 2015

IELTS Academic Writing - Task 2 (Writing)

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?

We live in a competitive society where people are constantly buying new products in order to keep up with the latest trends. Unfortunately, many people borrow money in order to buy products they can’t afford and perhaps don’t really need, putting themselves in financial difficulty.

There is a lot of pressure in society to keep up. We are bombarded by advertisements on a daily basis and pushy companies trying to sell their products.  Technology is constantly being updated and to stay ahead consumers purchase the latest products even though what they are using functions well. People are also influenced by image and status believing that wealth is something to be displayed so they purchase large houses, expensive cars, yachts etc. without having enough money to pay for these luxuries thus running into debt.

The banks might get involved in this case and only give loans to clients who need the capital to start a new business or finance their first home. They will also need to ensure that a person has enough income to afford a luxury product and to be able to cover the interest rate or repay back their bank loan. What is more, the government can try to limit the amount of wealth someone owns by placing heavy taxes on luxury goods.

However, despite these measures, I believe it is very difficult to control a person’s spending. This is a personal choice and consumers will continue overspending, buying the newest products and seeking luxury goods to display their status in society.

The Official Cambridge Guide to IELTS for Academic and General Training p.317

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