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The Necklace By Madame Losiels : Analysis

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“According to the Census ACS survey, the median household income for the United States was $55,775 in 2015.”- (deptofnumbers.com). In the short story “The Necklace” the Losiels are a middle-class family. Madame Losiel cares about her social ranking and wants to improve it somehow. Her husband gets tickets to a ball. Madame Losiel makes him get her a new dress, and she borrows a diamond necklace from a friend. They go to the ball and have a fun time. After the ball, they go home. When they get home Madame Losiel finds out she lost her borrowed necklace. She then has to go into ten years of debt to buy a new diamond necklace. She buys the new necklace and gives it to her friend. After the ten years are over she meets her friend and her friend tells her that the necklace she had borrowed from her ten years ago was fake diamonds. The article”Spending Spree” talks about how teens fall into deep credit card debt and cannot get out of it. It gives you a place to go to stay out of credit card debt. Is it possible for people today to fall into a similar financial problem as the Loisels? No, it is not possible for people today to fall into debt like the Losiels because of knowledge of money management, social ranking, and accessibility of money.
Today, it is hard for people to fall into debt because they are more aware than the Losiels were about how to stay out of debt. People today have the knowledge of how to manage their money. They know that if they put their money into the bank,
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