Materialism Origins And Implications For Personal Well...

Materialism explains the extent to which an individual is preoccupied with purchasing and showing off physical possessions that are mostly non essential. Pieters examines the interrelationships between loneliness and three subtypes of materialism: acquisition centrality (where possessions enable hedonic pleasure seeking), possession-defined success (where possessions are a status symbol), and acquisition as the pursuit of happiness (where possessions are a material means to improving happiness). The study finds an inverse relationship between the latter two subtypes of materialism and loneliness, though the effect of loneliness on three subtypes was greater than was the effect of these on loneliness over time. Despite this seeking possessions for material possessions decreased loneliness and was unaffected by it. The study (Materialism: Origins and implications for personal well-being by Aaron Ahuvia, University of Michigan and Nancy Wong, University of Michigan) confirms the generally established negative relationships between life satisfaction and materialism. Research in future needs to investigate more closely the nature of this relationship between the two. Particularly we need to know if materialism causes unhappiness and if does then how. The current research does in this direction gives us some hints. Evidences from the Matval scale shows that those people who place the utmost value on material possessions are the least satisfied with this area in their life. ThisShow MoreRelatedMeasuring Consumers’ Luxury Value Perception: a Cross-Cultural Framework13193 Words   |  53 Pageswho may wish to measure the dimensions of individual luxury perception as a general basis for marketing strategies to improve purchase value for different segments of consumers that span the globe. The m odel illustrates that individual and social as well as financial and functional dimensions significantly impact the consumer‘s luxury value perception and consumption on an international level. As luxury is a subjective and multidimensional construct, a definition of the luxury concept should followRead MoreA Review and a Conceptual Framework of Prestige-Seeking Consumer Behavior9366 Words   |  38 Pagesarticle should be addressed to Professor Lester W. Johnson, Monash Mt. Eliza Business School, Monash University, PO Box 2224, Caulfield Jct., Victoria 3161, Australia. The authors thank the editor Morris B. Holbrook for his helpful suggestions, as well as three anonymous JCMR reviewers for their useful comments, on earlier versions of the manuscript. EXECUTIVE SUMMARY This paper discusses the existing consumer knowledge dealing with aspects of prestige, and based on this literature, develops a