Consumption is necessary. It promotes the economy. Consumption brings happiness for some people while it brings annoyance for other people, because they think it wastes the money. There are different viewpoints about consumption between the old and young generation. But I think reasonable consumption is the best.
For the old generation, they are very frugal about everything, even the money. They believe that money is used for solving basic needs, and the rest of it should be saved. While for the young generation, they are more likely to use money to find fun. They like to go to the entertainment occasions, such as KTV, or go to barbecue with friends.
The different ways of consumption are influenced by the living situation. The old generation has gone through the hard time, so they don’t have much pursuit for the entertainment, while the young are in the opposited way. Money should be used to improve life standard, or it will lose its meaning. In my opinion, some part of the money is needed to pay for amusement and social communication.