Ever since the start of the concept of economies, people have bought things. The financial conditions of an individual are a big parameter of their spending tendencies. As an offshoot of this relationship between money and purchase power, it is proposed that today’s improved financial conditions of humans are the sole reason for their increased propensity for spending big sums of money on many things. This essay partly agrees with this proposition.

To begin with, indeed, the enhanced financial conditions of men and women have helped them buy more things. Earlier, wages and salaries used to be modest. Thus, people had to eke out their financial resources. For instance, my grandfather once told me that he had never bought a car owing to the school fees of my father and uncles. Nonetheless, currently, even a moderately good engineer earns more than 50,000 rupees per month. Hence, with such good remuneration, people feel safe enough to pay for what they want.

However, consumerism has also fueled people’s motivation for buying products and services. Life in the bygone eras was simple, and people’s needs were meager. By contrast, the twenty-first century has made shopping a competitive phenomenon. People see one another and enticing advertisements, and they get eager to acquire goods even with loaned money. To illustrate, my brother earns merely 10,000 rupees a month. Nevertheless, he has a phone that costs 80,000 rupees. His reason for buying it was nothing but the associated vogue.

In conclusion, better financial conditions of the present have definitely aided people’s purchase power. Even so, consumerism also causes people to buy goods regardless of their spending power.