An enormous amount of pressure to fit certain expectations is put on people by today’s society. The result of that is the increase of status anxiety. Living location and profession also affect status anxiety. Although money is believed to give status, status is desired more than money in today’s society due to the fact that it is the status that enables a certain lifestyle and gives the power or ability to buy material belongings that whose possessions can lead to a dreamed status.

Rarely allowing buy items that would assist in battling status anxiety of people’s incomes is the common cause debts are on the rise. If a person has a good credit rating, it is quite easy for him or her to obtain a credit. Also a credit can be easily obtained because of irresponsible lending that provides so an easy way to help gain the status people crave.

Once people’s desired status has been achieved, debts can easily spiral out of control if were used for the sole purpose of gaining status. For people with low income and high desires for status, debt may be the only way left that they can move towards to get and maintain their much-craved status by continuing funding their lifestyles.

There is a famous book available with the same title as of this article’s. This book written by Alain de Botton was first published in 2004 by Hamish Hamilton. Penguin Books have been subsequently publishing this book.