Muhammad Suleiman Al-Ankari
Economic growth depends on an increase in the demand for goods and services, which essentially means an increase in consumption by the public and private sectors and by individuals. The nature of consumption of individuals and households and the considerations they control that reflect their consumer confidence is entirely different and is influenced by a number of factors that can sometimes be appreciated to the extent of the need for that commodity. Without influencing the consumer trend which the individual or family offers to receive. It finds it a great awareness-raising activity to promote the positive consumer culture that most produce. The goods they consume become useful to support economic growth, in contrast to countries that import a large proportion of goods to meet demand in their markets, which means exports of wealth abroad. This can lead to an increase in the trade balance and a decrease in the trade balance. At the state level, the effect of this consumption is limited in terms of generating employment or increasing the absorption capacity of the economy.
But more importantly, its effect on the individual and family budget and the impact on priority responsibilities of spending, as well as the extent of its effect on savings, is also a drift towards excessive. Consumption on the grounds that it is a source of happiness and fulfillment of desires, which ultimately affects the financial stability of the individual and the family, which may be reflected in their life and psychological stability and mental health, especially if they are at the level of borrowing. It cannot be overlooked that at the present time many factors increase consumption for individuals and families, such as social media and the advertisements presented by celebrities of these platforms, where the new style of Promotion of goods and services played a role in increasing their demand as they are presented in a close manner to the daily life of the individual. In addition to logistics support to get to and from as well as easily. Payment Methods At the same time, financial companies and banks provide special offers for lending or credit cards, which provides liquidity to the consumer in record time and in the easiest way, which ultimately reflects on the increase in consumption, along with the consumer. grows slowly, and some may exceed his financial capabilities. Then his suffering begins until he finds a solution to pay off his obligations, and some of them end up in a cycle of financial losses. May continue and sink into a sea of debt, and this has a negative effect on him and his family members or them. those who support them, and this may play a role in determining their scientific and professional future.
But one of the most alarming developments in the societies of countries in general is an increase in the propensity for excessive consumption and the attraction to pleasures, because they are the ones who achieve the ambitions, that is, through the destruction of families and families. The tendency of the spouse to satisfy the propensity of consumption by relinquishing his responsibilities for the care of his reconciliation and in some cases the detection of the occurrence of separation between them as a result of the attention of one party to consumption in the way he feels that the existence of these matrimonial bonds is an obstacle in achieving his ambitions in life, and he cannot wake up from this state until it is too late. Or the family is what continues and its success remains forever. There is a need for balance in life. Income can be distributed among basics first, then savings, and then luxuries. Preparing for the future begins early, and the more savings and investments increase, the greater the income and financial strength of the individual or family, and thus their capabilities on all aspects of life, from consumption to basic or luxuries. can be spent accordingly and without any burden.
A thin line separating consumption responsibly or excessively. Awareness of consumer culture acquires great importance for any society due to its impact on the economy and society of any country. There may be a need for awareness programs on the consolidation of the determinants and concepts of consumption and values that support the individual and family’s view of their financial planning and spending and promote a culture of savings, but also enable the individual to know Wants to get what he needs and should not go after all expensive goods, services, tourism and entertainment programs are advertised which require him to estimate his needs as well as his financial capabilities and consider his future and what he wants to achieve in terms of his finances and increase his income. ,