Is Consumerism Has Caused Economic Problems For People? Essay

1878 Words Feb 16th, 2015 null Page
Furthermore consumerism has caused economic problems for people since people are investing into items that cannot bring them more money. This is all down to the mentality of the people, consumers purchase products for a sense of accomplishment and momentary happiness, and once that ends they need to buy another product. Eventually from buying and buying and buying people may end up in debt and what was first intended for happiness may cause sadness and depression due to looking for happiness from materialism. Also when being materialistic this means that people will be less inclined to be social.
A quote that I believe is relevant is
“Chase after money and security and your heart will never unclench. Care about people’s approval and you will be their prisoner. Do your work then step back. The only path to serenity”
- Lau Tzu (Chinese philosopher)
Materialistic people also tend to have a bad personality since they do not like to share, they are possessive meaning they like to own and keep instead of borrow or rent, they also covet the possessions of others meaning they feel displeasure when others have things they desire. Research has also shown that individuals who have a materialistic nature will feel more unsatisfied with their lives, have social anxiety, and lack self-actualisation.
Another study that has shown that English kids are unhappier than those of third world and developing countries such as Romania, Brazil, Algeria and South Africa which are nations where…

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