Judging from China's traditional morality, borrowing money for consumption seems disgraceful. If analyzed from the perspective of economics, how to judge?

The development of China's financial market and the improvement of its financial level have, to a certain extent, changed people's standard of judging the value of traditional morality. It turns out that borrowing money for consumption is actually a manifestation of mutual assistance in the hidden financial market in the family. When the market, that is, the financial market outside the family, develops, especially with the continuous improvement and development of the credit system, people tend to obtain funds from the external dominant financial market, so as to carry out activities related to financial intermediaries, which are no longer limited to the original hidden internal financial market where families borrow from each other.

This kind of loan relationship hidden in the family actually implies many aspects of traditional morality, and dishonor is also judged as the original values. But now, people borrow from the external financial market, which weakens many of these ideas, because the borrowers and borrowers are no longer face to face, but through financial intermediaries, that is to say, the development and improvement of the credit system and the improvement of the financial level have changed the traditional moral constraints, enhanced people's financial awareness, and made lending and consumption become one person. .........