It was saving maximum amount of money for the people some
three-four decades ago, but for many it is spending spree these days.
·
Why is this reversal
of attitude?
·
What do you think are
positive and negative implications of such a shift?
The people of all times have always had high
regard for money. This fact notwithstanding, the world today experiences a
reversal of attitude to money: instead of saving it, many are engaged in
indiscriminate spending. Let me trace out the reasons and identify the ins and
outs of it.
In olden times, making money involved a lot
of sweat and blood. Naturally, they saved as much as they could. But the story
today is the other way round where people enjoy huge possibilities for making
quicker money. Many people believe that the coming days are going to offer them
much greater chances for minting money. For example, plum pay packages, chances
to multiply the earnings and the opportunities that come calling keep the
confidence graph of many people mounting unprecedentedly. It is spending all
the way, no wonder at all.
This spending spree is good in the sense that
when one spends, lot many others earn. That means spending is like making money
work. For example, when people spend on expensive consumables, the manufacturers,
dealers, retailers and the like are likely to earn. The governments too stand
to gain by way of tax. Spending keeps money mobile.
The downsides of too much spending are price
rise, rich-poor divide, social evils and rising crimes. For example, when
spending is higher so is the need for earning, and the need for greater earning
may make many people go astray and they would resort to evil and asocial ways.
The people of those days had their own
reasons to save money and their followers these days have got a set of different
reasons to spend their money. Though it is good in a way, too much spending is
likely to do much more harm than good. It is always good to keep a little back
for tomorrow, I would say.
285 words
Ajaypeesdoc.
11.12.14
www.jpsukham.blogspot.com. Google.
Vaatupura A. Jayaprakash
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