People are more likely to invest on wedding and celebrations. Do you think its a postive growth?

Socities are more interested in celebrating functions such as weddings, birthdays or night parties to add a joy in their lives. This trend does have its own properties but wasting money on such events is not a postive growth for crowd. To commence with, the idea of spending much amount on celebrating such events is a crisis for some middle class families. For instance, most of the Asian people takes loans or debits from bank to fulfill their luxury needs like rich people. To explain it, people are more likely to celebrate these events to show their status among the society. As a result, they could totally loss their savings and can face severe consequences of it. On the other hand, this trend is vital for the developing countries as everyone has right to use their salary as per their own choice. For example, celebrating a birthday is not a big deal if it is among small group of people. To elucidate it, its necessary to have fun in the lives of person otherwise, people will have mental health issues. Hence, having fun and celebrations are as important as any other thing for living a human life. To conclude, constant consequences of spending money on celebrations will lead the world to poverty, if the necessary steps would not be taken by public.