People do not appreciate the value of money anymore


You should spend about 40 minutes on this task.

Present a written argument or case to an educated reader with no specialist knowledge.

Write about the following topic:

There was a time when people only shopped out of necessity but these days shopping seems to have become a new form of leisure activity. People do not appreciate the value of money anymore. To what extent do you agree with this view?

Give reasons for your answer and include any relevant examples from your own knowledge or experience.

Write at least 250 words.

Sample Answer:

In today’s consumer-driven society, it is undeniable that shopping has evolved from a mere necessity to a form of leisure activity. While there are those who argue that people no longer appreciate the value of money, I believe that the situation is more complex and that there are various factors at play.

First and foremost, it is important to acknowledge that the way people shop has indeed changed over time. With the rise of online shopping and the availability of a wide range of products, it is easier than ever for individuals to indulge in retail therapy. This has undoubtedly contributed to the perception that shopping has become a leisure activity rather than a practical need.

Furthermore, the influence of advertising and social media cannot be overlooked. Companies invest significant resources in marketing their products and creating a culture of consumerism. As a result, individuals are constantly bombarded with messages encouraging them to buy the latest trends and products, often leading to impulse purchases and a lack of consideration for the value of money.

However, it is essential to consider the broader societal and economic factors at play. For many people, especially in developed countries, the standard of living has improved, and disposable income has increased. As a result, individuals may have more freedom to spend money on non-essential items without facing immediate financial hardship. This does not necessarily mean that they do not appreciate the value of money, but rather that their priorities and spending habits have evolved in line with their changing circumstances.

In conclusion, while it is true that shopping has become a leisure activity for many people, it is important to recognize that the reasons behind this shift are multifaceted. While some individuals may indeed undervalue the importance of financial responsibility, it is unfair to make a blanket statement about society as a whole. Ultimately, the perception of shopping as a leisure activity is a reflection of the changing dynamics of consumer culture, and it is crucial to consider the broader context in which this phenomenon occurs.

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