The number of individuals who experience credit problems has grown in recent years. What factors have contributed to this growth? What should be done to reduce this societal problem?

A lot of times, credit problems arrive from pleasure shopping. These are things that we don't need, but rather want.

Instead of actually saving and buying something with real money, many people just say 'I'll just put it on credit'. They want it now, not later.

This is a very dangerous path which can lead to a lot of debt. In order to reduce this, proper education will have to be given.

People need to be educated on what they should and shouldn't use credit for.

Inflation is the biggest problem and less source of income.

Part of income should be kept as saving and rest of the income should be used to manage the monthly expenses.