Under the current economic background, is loan consumption still appropriate?

Under the current economic background, whether the loan consumption is appropriate needs comprehensive consideration from many aspects, depending on the individual's financial situation and needs. It can be appropriate in some cases, but the following factors also need careful consideration: First, for people who are short of money for a long time, people with weak earning ability.

I don't think it is suitable for loan consumption. Loans cost money. Because these people have poor loan qualifications, they can manage few loan products. Even if they can manage the loan, the interest will definitely not be low. If the loan is consumed, there will be great pressure for repayment in the later period, and there will be no more ways and abilities to make more money, and finally it will only go bankrupt. Therefore, for people who are short of money for a long time and have weak earning ability, loan consumption is not recommended.

Second, people who are seriously short of money at this stage but have strong ability to make money. I encourage such people to borrow money appropriately for consumption. Why should I encourage them? Because such people have the ability to make money, loan consumption can give people a certain motivation to make money. With the ability and motivation, such people can naturally make money; Another reason is that the general consumption level of these people is not low. If they don't borrow money, their living standards, personal image, self-confidence and self-esteem will definitely be affected. Capable people should try to avoid a blow to their self-confidence.

Third, relatively stable office workers. I suggest that this kind of consumers can borrow money to spend in order to improve their living standards, because their income is stable. There is naturally no problem with repayment ability. Improving living standards can enhance self-confidence and dedication to work, and perhaps even raise wages and borrow money for consumption.

Fourth, people who do business in traditional industries. Such people do not recommend loan consumption. Because of the fierce competition in traditional industries, maybe one day your industry will close down. Not only can you not make money, but you may lose everything. So be careful not to add pressure to yourself.

5. People who do business in emerging industries. Such people suggest loans, quickly occupy the market, improve the level of consumption, and get in touch with higher consumption circles, which will bring unexpected gains.