2.1. Daily expenses such as food,transportation,housing,entertainment and living expenses.
2.2. In order to reduce the burden,parents choose to save food and money, which will only lead to the oppositIn effect and endanger their own health.
2.3. Parents do not earn as much as they spend, leading to financial difficulties.
2.4. High living expenses can also cause issues to the future of the family. Such as, unable to let their children further study due to the lack of money for fee payment.
3. Unable to raise their children properly
3.1. Unable to pay for academic fees for their children
3.2. Not enough money to pay for their children to join social activities.
3.3. Children might need to help their parents with their financial problems and miss out their academic needs
4. Emotionally and mentally affected
4.1. Always stressed about their expenses
4.2. Always anxious about the future of the family
4.3. If the family is unable to live up to their high expenses might cause some conflict and fight among them.
5. Social Economy
5.1. Slower growth income that does not keep up with rising prices
