The topic of responsible debt management in households has become increasingly prevalent in IELTS Writing Task 2 examinations. Based on analysis of past papers and current global financial trends, this theme frequently appears in various forms, particularly in agreement/disagreement or discussion essays. Let’s examine one common question type that has appeared multiple times in recent tests.
Understanding the importance of household debt management
Some people believe that individuals should be fully responsible for their personal debts, while others argue that governments should provide support to help people manage their debts. Discuss both views and give your opinion.
Analysis of the Question
- Topic: Personal debt management and government intervention
- Task: Discussion + Opinion
- Key elements to address:
- Individual responsibility perspective
- Government support perspective
- Personal viewpoint with justification
Sample Essay 1 (Band 8.0)
The management of personal debt has become a contentious issue, with some advocating for complete individual accountability while others support government intervention. In my opinion, while individuals should bear primary responsibility for their debts, some level of government support is necessary for societal stability.
Those who support individual responsibility argue that personal debt results from individual choices and spending habits. When people borrow money, they consciously enter into agreements with lenders and should therefore be fully accountable for repayment. This approach encourages financial discipline and discourages reckless borrowing. For instance, in many Asian countries where government support for personal debt is minimal, households tend to be more cautious about taking on excessive debt.
For those interested in learning more about strategies for managing high personal debts, understanding these principles is crucial. However, proponents of government intervention contend that various external factors, such as economic downturns or health crises, can impact individuals’ ability to manage debt responsibly. Government support through financial counseling, debt restructuring programs, or temporary relief measures can prevent widespread financial distress and its subsequent social implications.
In my view, a balanced approach is most effective. While individuals should maintain primary responsibility for their financial decisions, governments should provide a safety net through importance of financial literacy in reducing personal debt programs and targeted assistance for those facing genuine hardship. This combination promotes responsible borrowing while preventing catastrophic financial failure that could impact broader society.
Sample Essay 2 (Band 6.5)
Personal debt is a big problem in many countries today. Some people think individuals should handle their own debts, but others believe governments should help people with debt problems. I will discuss both sides and share my thoughts.
People who support individual responsibility say that when someone borrows money, they should pay it back themselves. They think this because:
- People choose to take loans
- They know they must repay
- It teaches responsibility
- It stops people from borrowing too much
However, some people think governments should help with debt problems. They say:
- Economic problems can make it hard to pay debts
- Some people lose jobs through no fault
- Too many people with debt problems hurts the economy
- Government help can stop bigger problems
I think both sides have good points, but governments should give some help. While people should try to pay their debts, sometimes they need help when things get very bad. Governments can give advice and maybe help with payment plans.
Key Vocabulary
- contentious (adj) /kənˈtenʃəs/ – causing disagreement or arguments
- accountability (n) /əˌkaʊntəˈbɪləti/ – responsibility for actions
- reckless (adj) /ˈrekləs/ – not caring about danger or consequences
- intervention (n) /ˌɪntərˈvenʃən/ – becoming involved to improve a situation
- catastrophic (adj) /ˌkætəˈstrɒfɪk/ – causing sudden great damage or suffering
Conclusion
This topic remains highly relevant for IELTS candidates. Practice writing responses to similar questions like:
- Should governments regulate personal borrowing?
- What are the main causes of increasing household debt?
- How can society better educate people about financial management?
Share your practice essays in the comments section for feedback and discussion with fellow learners.
