Do you think self comparison as a major silent cause of debts?

[King Belieal]

I have come to realize that many people fall into debts simply because they compare themselves with other people. They want to be seen to be in the league of high flyers and would borrow to look that league.

What do you think of self comparison as a major reason why people enter debts?

 

[Springtime]

People have debts for various reasons. Some may need to borrow as they are really lacking money to buy necessities. Some borrow for investment. Some, as you mentioned, borrow to spend to compare with others.

 

[Kross]

I am the last person that would want to compare myself with someone and get into debts. It is stupidity for me.

 

[Augusta]

I am the last person that would want to compare myself with someone and get into debts. It is stupidity for me.

It doesn't even make sense to kill yourself trying to keep up with the Joneses. It doesn't make sense

 

[eLdavis]

Some people simply want to feel like they belong hence they help us end up spending everything they have just to look like the others. It's better to simply be content.

 

[Augusta]

Some people simply want to feel like they belong hence they help us end up spending everything they have just to look like the others. It's better to simply be content.

People with a strong motivation to belong are less satisfied with their life As consumers, they tend to seek the opinions of others about products and services and also attempt to influence others' opinions