IELTS MyEssay

Nowadays, people progressively share information about their earnings and payment in their casual conversation. This essay will explain the reason why it is happening and why it is a negative trend.

A possible reason for people talking more about their financial status including income and expenditure in their daily conversation is that people want to develop their financial literacy. In modern society, people earn money not only from their full-time job but also from passive income such as owning property and stock market. Many people are interested in such financial freedom and willing to collect practical information. Another reason why people talk about their earnings and expenditure is that they want to be reassured about their financial situation. As world economy is unstable and creating a gap between rich and poor, people want to ensure their financial situation objectively to avoid worse financial circumstances.

I believe that people talk about their income and expenditure casually more and more is a negative trend because it can increase crimes. When people know someone who earns an enormous amount of money and owns expensive products, they are likely to spread out as a rumour. This makes people, who are well-paid and purchased expensive house and cars, be targeted at fraud and burglary. Furthermore, this trend that people talk about earnings and spending money is negative because it can create an individual’s financial issue. By hearing other’s financial situation, people are willing to spend money on products or holidays that others enjoyed and highly recommended. Some of them may try to follow it and use money recklessly, no matter how much money they have or owe.

In conclusion, the reason why people talk about their earnings and expenditure is that they want to collect information as a financial literacy and be reassured about their finance. I believe that this is a negative trend because it can increase crimes and individual’s financial issues.

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Nowadays, people increasingly share information about their earnings and payment in their casual conversation. This essay will explain the reason why it is happening and why it is a negative trend.

A possible reason for people talking more about their financial status including income and expenditure in their daily conversation is that people want to develop their financial literacy. In modern society, people earn money not only from their full-time job but also from passive income such as owning property and stock market. Many people are interested in such financial freedom and willing to collect practical information. Another reason is that they want to be reassured about their financial situation. As world economy is unstable and creating a gap between rich and poor, people want to ensure their financial safety objectively to avoid worse financial circumstances.

I believe that people talking more about their income and expenditure casually is a negative trend because it can increase crimes. When people know an affluent person, they are likely to share the details of such person with others and it spreads out as a rumour. This can put people, who are well-paid and purchased expensive houses and cars, at high risk of being a victim of fraud and burglary. Furthermore, the trend of people disclosing their finance casually is negative because it can damage relationships between family members and friends. People who are well-paid can be expected to pay more or even lend money to their family and friends. This damages trust and makes them estranged.

In conclusion, the reason why people talk about their finance casually is that they want to develop their financial literacy and be reassured about their finance. I believe that this is a negative trend because it can increase crimes and damage relationship with family and friends. (299)

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