Question

In two or more complete sentences, describe choices that a consumer can make that could lead to financial irresponsibility.

Answer 1

One choice that a consumer can make that could lead to financial irresponsibility is overspending on unnecessary and luxury items, rather than saving or investing the money for future needs or emergencies. Another choice could be relying heavily on credit cards and loans without considering the high interest rates and debt accumulation, leading to difficulties in repaying the borrowed money.