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


Causes & Cures






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...