In a cashless society, people use more credit cards. What are the advantages and disadvantages of this phenomenon?

Essay topics:

In a cashless society, people use more credit cards. What are the advantages and disadvantages of this phenomenon?

Recently, the phenomenon of cashless trade payment and its corresponding impact has sparked a heated debate. Although contested by many that the advent of credit cards is highly beneficial, such issue is regarded thoroughly both constructive and positive by a substantial number of individuals. I am inclined to believe that these facilities can be plus, and I will analyze that throughout this essay.
From a financial standpoint, prevalence of credit cards can provide the society with some noticeable effects which are rooted in the fact that pace of the improvement of technology, as well as changing the financial habits of citizens, are inextricably bound up. According to my own experience, when I was a university student, I conducted an academic experiment which discovered dramatic reduction of cash theft. Thus, beneficial ramifications of both expansion of credit purchase and meeting the requirements of safety issues apparently can be seen.
Within the realm of information technology, use of electronic wallets, might increase the consequences of risk of loss of data. Moreover, fundamental aspects of such abuses relate to this reality that the demerits of e-trading pertain to elaborating the security considerations of a financial system. As a tangible example, some scientific research undertaken by a prestigious university has asserted that the downside of credit trading is correlated negatively with neglect of security. Hence, it is correct to presume the preconceived notion of electronic hazards.
To conclude, while there are several compelling arguments on both sides, I profoundly believe that the benefits of cashless payment far outweigh its drawbacks. Not only do the advantages of that prove the significance of thriving technology, but also pinpoint convenient lifestyle implications.

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Average: 8 (1 vote)
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Comments

Transition Words or Phrases used:
also, apparently, but, hence, if, moreover, so, thus, well, while, as well as

Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments

Performance on Part of Speech:
To be verbs : 10.0 10.5418719212 95% => OK
Auxiliary verbs: 5.0 6.10837438424 82% => OK
Conjunction : 5.0 8.36945812808 60% => More conjunction wanted.
Relative clauses : 11.0 5.94088669951 185% => OK
Pronoun: 20.0 20.9802955665 95% => OK
Preposition: 42.0 31.9359605911 132% => OK
Nominalization: 9.0 5.75862068966 156% => OK

Performance on vocabulary words:
No of characters: 1549.0 1207.87684729 128% => OK
No of words: 275.0 242.827586207 113% => OK
Chars per words: 5.63272727273 5.00649968141 113% => OK
Fourth root words length: 4.07223819929 3.92707691288 104% => OK
Word Length SD: 3.2617877773 2.71678728327 120% => OK
Unique words: 177.0 139.433497537 127% => OK
Unique words percentage: 0.643636363636 0.580463131201 111% => OK
syllable_count: 498.6 379.143842365 132% => OK
avg_syllables_per_word: 1.8 1.57093596059 115% => OK

A sentence (or a clause, phrase) starts by:
Pronoun: 4.0 4.6157635468 87% => OK
Article: 1.0 1.56157635468 64% => OK
Subordination: 5.0 1.71428571429 292% => Less adverbial clause wanted.
Conjunction: 2.0 0.931034482759 215% => Less conjunction wanted as sentence beginning.
Preposition: 4.0 3.65517241379 109% => OK

Performance on sentences:
How many sentences: 12.0 12.6551724138 95% => OK
Sentence length: 22.0 20.5024630542 107% => OK
Sentence length SD: 46.0675832036 50.4703680194 91% => OK
Chars per sentence: 129.083333333 104.977214359 123% => OK
Words per sentence: 22.9166666667 20.9669160288 109% => OK
Discourse Markers: 6.41666666667 7.25397266985 88% => OK
Paragraphs: 4.0 4.12807881773 97% => OK
Language errors: 0.0 5.33497536946 0% => OK
Sentences with positive sentiment : 5.0 6.9802955665 72% => OK
Sentences with negative sentiment : 2.0 2.75862068966 72% => OK
Sentences with neutral sentiment: 5.0 2.91625615764 171% => OK
What are sentences with positive/Negative/neutral sentiment?

Coherence and Cohesion:
Essay topic to essay body coherence: 0.119653031078 0.242375264174 49% => OK
Sentence topic coherence: 0.0366802964247 0.0925447433944 40% => Sentence topic similarity is low.
Sentence topic coherence SD: 0.0232036509287 0.071462118173 32% => Sentences are similar to each other.
Paragraph topic coherence: 0.0648437507975 0.151781067708 43% => OK
Paragraph topic coherence SD: 0.0231609123832 0.0609392437508 38% => Paragraphs are similar to each other. Some content may get duplicated or it is not exactly right on the topic.

Essay readability:
automated_readability_index: 16.5 12.6369458128 131% => OK
flesch_reading_ease: 32.22 53.1260098522 61% => OK
smog_index: 13.0 6.54236453202 199% => OK
flesch_kincaid_grade: 14.2 10.9458128079 130% => OK
coleman_liau_index: 15.67 11.5310837438 136% => OK
dale_chall_readability_score: 10.93 8.32886699507 131% => OK
difficult_words: 108.0 55.0591133005 196% => OK
linsear_write_formula: 14.5 9.94827586207 146% => OK
gunning_fog: 10.8 10.3980295567 104% => OK
text_standard: 11.0 10.5123152709 105% => OK
What are above readability scores?

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Rates: 80.0 out of 100
Scores by essay e-grader: 72.0 Out of 90
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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.