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RE: LeoThread 2024-11-21 08:32

in LeoFinance5 days ago

Part 6/10:

The clothing industry further traps consumers into a cycle of overconsumption through continuous trends and "try-on hauls." Influencers showcase new collections and styles, prompting immediate purchasing due to the fear of missing out. As styles shift rapidly, many items bought in haste end up discarded or forgotten in closets, contributing to both personal debt and environmental waste.

A notable offending platform is Shein, known for its ultra-fast fashion model. Cheap products are inundating consumers, often made from poor-quality materials. This promotes a throwaway culture where items are purchased without thought of longevity or value, and ultimately contributing to financial instability.

The Debt Spiral and Its Realities