There is a growing global trend where many individuals frequently engage in conversations about financial matters, including their income and expenses, as part of everyday communication. While this can be largely attributed to improving financial awareness and social media influences, coming with adverse remifications on our social comparison and envy, to make someone inconvinient.
To begin with, there are two main reasons for the growing trend of discussing financial matters. First and foremost, improving financial awareness has led to more people understanding the importance of budgeting, saving, and investing. For instance, many individuals now discuss their financial goals, such as saving for retirement or buying a home, in an effort to share knowledge and improve their financial literacy. However, this can result in increased comparisons, as people may begin measuring their financial success against that of others, potentially leading to feelings of inadequacy or envy. Furthermore, the influence of social media plays a significant role in shaping how financial discussions take place. Platforms like Instagram and YouTube often showcase influencers wealth, expensive purchases, and luxurious lifestyles. For example, a person might see their favorite influencer posting about a new car or vacation, which may create pressure to match such purchases, even if it is financially unsustainable. Consequently, this constant exposure can lead to feelings of insecurity, as individuals compare their financial situations to those they see online, often resulting in stress or financial strain. Hence, the combination of financial awareness and social media influences has made financial discussions more frequent but also more prone to fostering comparisons.
There are two main negative effects of frequent discussions about financial matters. Initially, such conversations can create pressure to keep up with others. When people share their income or expensive purchases, others may feel compelled to match those achievements, even if itโs financially unsustainable. For example, if someone boasts about buying a new car or going on an expensive vacation, others might feel inadequate or pressured to make similar purchases. As a result, this can lead to overspending or financial strain, as individuals prioritize appearances over their own financial stability. Additionally, these discussions can cause emotional distress and strained relationships. When people openly talk about their financial successes, others who are struggling may experience feelings of envy. As an illustration, a person who shares their high-paying job or recent promotion might make someone else feel jealous, especially if they are facing financial difficulties. Hence, this can create tension and insecurity, often leading to feelings of resentment or discomfort in social situations. Therefore, while discussions about money can promote financial awareness, they also have negative consequences, such as increased pressure to compete and emotional distress, which can harm relationships and well-being.
To conclude, although open discussions about financial matters may raise awareness and encourage better money management, they can also lead to unintended negative consequences. The pressure to keep up with others and the emotional discomfort caused by comparison and envy can damage personal well-being and social relationships. Thus, such discussions should be handled with care and consideration for others.
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It could take ages guys, I mean 55 mins. Since the first performance after a long time like just a month.