Materialism makes trauma harder to handle
Andy Henion-Michigan State
Materialistic people experience more stress from traumatic events and are more likely to spend compulsively as a result, a new study suggests.
"When the going gets tough, the materialistic go shopping," says Ayalla Ruvio, assistant professor of marketing in Michigan State University's Broad College of Business. "And this compulsive and impulsive spending is likely to produce even greater stress and lower well-being. Essentially, materialism appears to make bad events even worse."