Many people prefer spend money and not save it. What are the reasons? Is this positive or negative development ?
Nowadays people spent most of their earned money with zero or very less savings, especially young people. Most of them are spending extravagantly in order to keep up with technological advancement. There are several positive and negative consequences of this current mindset and this essay will shed light on both.
Technology is advancing at an exponential rate since the rise of an electronic era. Variety of new gadgets and products are introduced in market everyday. Therefore, in order to keep up with the advancement in technology, people spend their hard earned money in buying the current high tech products which will be obsolete within a period of less than one year. Also, these people justify this expenditure by arguing that life is uncertain so they are making the most of it by living in present and not pondering too much about the future. Also, people do not want to compromise their comfortable lifestyle. So they are spending all of their money to live the most lavish lifestyle they can afford.
There are always two sides of the coin. Therefore this mindset of spending all of the earned money also has positive and negative consequences. Economically, this expenditure will strengthen the global economy and as a result more people will have steady job. However, this very less to nil savings can have serious detrimental effects on individual in the future. If the person loses a job or goes through some serious accident in the future then he/she will face serious financial crisis with no saved money in his/her bank account.
Many people spend all of their earned money rather than saving the portion of it for the future. They want to live the life fullest and do not want compromise with the quality of life. This is a very positive development for the global economy. However, this mindset can have serious consequences for an individual in the future.
- Some people think that it is a good thing for senior management positions to have very high salaries compared to other workers of the same company or organization. To what extend do you agree? 67
- Fewer and fewer young people are choosing to become teachers. Why do young people not want ti be teachers? How this can be changed ? 67
- Some people think cars are a better way of transportation around the city while others prefer cycling Discuss both views and give your opinion 88
- Many people prefer spend money and not save it. What are the reasons? Is this positive or negative development ? 73
Grammar and spelling errors:
Line 1, column 68, Rule ID: FEWER_LESS[2]
Message: Did you mean 'fewer'? The noun savings is countable.
Suggestion: fewer
...of their earned money with zero or very less savings, especially young people. Most ...
^^^^
Line 3, column 146, Rule ID: EVERYDAY_EVERY_DAY[3]
Message: 'Everyday' is an adjective. Did you mean 'every day'?
Suggestion: every day
...s and products are introduced in market everyday. Therefore, in order to keep up with th...
^^^^^^^^
Line 3, column 636, Rule ID: WHITESPACE_RULE
Message: Possible typo: you repeated a whitespace
Suggestion:
...e lifestyle. So they are spending all of their money to live the most lavish life...
^^
Line 5, column 41, Rule ID: SENT_START_CONJUNCTIVE_LINKING_ADVERB_COMMA[1]
Message: Did you forget a comma after a conjunctive/linking adverb?
Suggestion: Therefore,
...There are always two sides of the coin. Therefore this mindset of spending all of the ear...
^^^^^^^^^
Line 5, column 76, Rule ID: ALL_OF_THE[1]
Message: Simply use 'all the'.
Suggestion: all the
...oin. Therefore this mindset of spending all of the earned money also has positive and nega...
^^^^^^^^^^
Transition Words or Phrases used:
also, however, if, so, then, therefore, as a result
Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments
Performance on Part of Speech:
To be verbs : 10.0 13.1623246493 76% => OK
Auxiliary verbs: 8.0 7.85571142285 102% => OK
Conjunction : 9.0 10.4138276553 86% => OK
Relative clauses : 2.0 7.30460921844 27% => More relative clauses wanted.
Pronoun: 26.0 24.0651302605 108% => OK
Preposition: 46.0 41.998997996 110% => OK
Nominalization: 4.0 8.3376753507 48% => More nominalizations (nouns with a suffix like: tion ment ence ance) wanted.
Performance on vocabulary words:
No of characters: 1574.0 1615.20841683 97% => OK
No of words: 317.0 315.596192385 100% => OK
Chars per words: 4.96529968454 5.12529762239 97% => OK
Fourth root words length: 4.21953715646 4.20363070211 100% => OK
Word Length SD: 2.63878570575 2.80592935109 94% => OK
Unique words: 165.0 176.041082164 94% => More unique words wanted.
Unique words percentage: 0.520504731861 0.561755894193 93% => More unique words wanted or less content wanted.
syllable_count: 507.6 506.74238477 100% => OK
avg_syllables_per_word: 1.6 1.60771543086 100% => OK
A sentence (or a clause, phrase) starts by:
Pronoun: 6.0 5.43587174349 110% => OK
Article: 0.0 2.52805611222 0% => OK
Subordination: 1.0 2.10420841683 48% => OK
Conjunction: 0.0 0.809619238477 0% => OK
Preposition: 1.0 4.76152304609 21% => More preposition wanted as sentence beginning.
Performance on sentences:
How many sentences: 18.0 16.0721442886 112% => OK
Sentence length: 17.0 20.2975951904 84% => The Avg. Sentence Length is relatively short.
Sentence length SD: 41.181471322 49.4020404114 83% => OK
Chars per sentence: 87.4444444444 106.682146367 82% => OK
Words per sentence: 17.6111111111 20.7667163134 85% => OK
Discourse Markers: 2.83333333333 7.06120827912 40% => More transition words/phrases wanted.
Paragraphs: 4.0 4.38176352705 91% => OK
Language errors: 5.0 5.01903807615 100% => OK
Sentences with positive sentiment : 4.0 8.67935871743 46% => More positive sentences wanted.
Sentences with negative sentiment : 7.0 3.9879759519 176% => OK
Sentences with neutral sentiment: 7.0 3.4128256513 205% => Less facts, knowledge or examples wanted.
What are sentences with positive/Negative/neutral sentiment?
Coherence and Cohesion:
Essay topic to essay body coherence: 0.26597952827 0.244688304435 109% => OK
Sentence topic coherence: 0.0855348952218 0.084324248473 101% => OK
Sentence topic coherence SD: 0.0783065315177 0.0667982634062 117% => OK
Paragraph topic coherence: 0.175826129119 0.151304729494 116% => OK
Paragraph topic coherence SD: 0.0377148053505 0.056905535591 66% => OK
Essay readability:
automated_readability_index: 10.8 13.0946893788 82% => Automated_readability_index is low.
flesch_reading_ease: 54.22 50.2224549098 108% => OK
smog_index: 8.8 7.44779559118 118% => OK
flesch_kincaid_grade: 9.9 11.3001002004 88% => OK
coleman_liau_index: 11.25 12.4159519038 91% => OK
dale_chall_readability_score: 8.12 8.58950901804 95% => OK
difficult_words: 73.0 78.4519038076 93% => OK
linsear_write_formula: 10.5 9.78957915832 107% => OK
gunning_fog: 8.8 10.1190380762 87% => OK
text_standard: 11.0 10.7795591182 102% => OK
What are above readability scores?
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Rates: 73.0337078652 out of 100
Scores by essay e-grader: 6.5 Out of 9
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Note: the e-grader does NOT examine the meaning of words and ideas. VIP users will receive further evaluations by advanced module of e-grader and human graders.