What is advanced consumption?

Advance consumption refers to the expenditure of advancing future income to the present when the temporary income capacity is exceeded. ?

By leading consumption, we can drive new consumption hotspots, expand market demand, make the consumption structure more reasonable, in turn, promote the growth of production and keep a virtuous circle of production and consumption. Secondly, consumption in advance can improve the utilization rate of funds, and only the funds that really enter the market can have the due value of money itself.

Advanced consumption is the realistic demand of social development for consumers, and it is also the change of consumption concept after people enter a well-off society. Living in debt is a kind of motivation and pressure for people, encouraging people to work harder to solve debts to meet their own living requirements.

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The disadvantages of advanced consumption

Advanced consumption is a double-edged sword. On the one hand, it will infringe on the property of both borrowers and lenders, resulting in a social credit crisis; On the other hand, it will also affect the debtor's reputation, causing them economic and mental stress and even economic disputes. Not only that, excessive consumption in advance will also make the residents who have borrowed money psychologically unbearable. If they spend money out of comparison psychology, the subsequent repayment pressure will inevitably increase economic pressure, thus causing psychological pressure, quality of life and their own mentality will also be affected.

Baidu encyclopedia-ahead of consumption