Affluenza- An unhappy relationship with money

Affluenza- An unhappy relationship with money

Causes & Cures

In this essay I plan to analyze a dangerous disease that is infecting people through the U.S. This disease is called affluenza it is very contagious and once infected with the disease it is difficult to unseat. Affluenza us characterized as an unhealthy relationship with money, swollen expectations and trying to keep up with the Joneses. Affluenza creates stress, bankruptcies, and causes problems in relationships. Although, there are some people who have a different definition for affluenza. Many people find affluenza to be a rich man's disease and have responded by suggesting that the world has bigger problems without have to feel sorry for the rich. I would contend that affluenza that affluenza can be cured and maybe prevented. In analyzing affluenza I hope to shed insight those possibilities.

There is a disease that is sweeping the U.S. at an alarming pace. It is called affluenza it is very contagious and growing at frightening rates. In 1997, an amazing 1.1 million debt plagued spenders filed for personal bankruptcy that was a 28.6% increase from '96. Economists predict another 1.6 million to file by the end of this fiscal year, (Shop 'til We Drop [STWD], 1997). These are two vivid examples of the amazing rate at which affluenza is growing. These numbers are occurring despite the strong economy and perhaps because of it. With the economy in the U.S. going so well credit card companies are issuing more credit. Consumers are then using their new found credit to buy without even thinking of how they will pay for the products. They get the credit cards because of the appealingly low 5.9% introductory rate and go for it, but the credit card companies usually run those rates up to 18% or more in the first six months before the consumer pays off the purchase, (Insight into the News IIN, 1997). This in turn leads consumers into over extending themselves. Although 96% of all consumers are using credit cards responsibly according to American Bankers Association '97, the typical person who files for bankruptcy takes home less than $20,000 a year and has more than $17,000 in credit charges and of that's not overextending oneself what is. It seems that debt and affluenza go hand in hand and that combination can't be good for relationships.

Affluenza causes hardship in all types of relationshi...

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...ng mall. Or while contemplating a major purchase sleep on it for a few days and then decide whether the item is within ones means. In the end one has to remember that the Joneses aren't the co

In concluding, because affluenza is so dangerous it is important to track and gather information about it and how one can become infected with this terrible disease.

Informing and educating oneself is always at the heart of preventing anything bad from happening but with affluenza it takes precedence. Remember to always take time when making a major purchase, use common sense, and ask the question do your ends meet your needs. There are many things one can do to steer clear of affluenza, but overall the cure for affluenza lye's in the hands of each person and their spending choices. In the end I would warn that although affluenza can be prevented and even cured, it should not be underestimated it can do irreversible damage to families, and financial statements alike. I would also contend that society has an obligation to combat affluenza, but again the burden lye's with the individual to make the difference. In closing, one final question one should ask them selves is do I have affluenza?