Why filipinos are mostly in Debt?
The topic that I have had with other posters in the other thread is about poverty and why Philippines is so poor.
While watching from the various video advertisements, this reminds me that television is sucking each and every soul of Filipinos. Why? Because of the commercials: buy this car, buy this phone, this TV brand, all the appliances and electronic gadgets you can think of. The truth is, how much does it cost...are they affordable?
What I am saying is, Filipinos has the same aspirations in terms of material stuffs as western people do. But is the income the same? Television has redefined what is a need and what is luxury: all that is advertised in TV now is somewhat a "NEED". And that is bad. People are having debts just to buy these gadgets... is it good? It is good if you don't get buried in debts which happens usually. It is good if you are not thinking of your future and save for yourself. Why? I have to tell you that you are not 100% healthy all the time. Do you have health insurance? Do you have dental insurance? These things?
Think about a future. Save for your lives, these gadgets can be stolen, lost and even not be properly used. Bragging and making the gadget as a social symbol is a shame. Build a future instead!
