Scientists Find that Low Self-Esteem & Materialism Goes Hand -- DailyGalaxy
The paradox that findings such as these bring up, is that consumerism is good for the economy but bad for the individual. In the short run, it's good for the economy when young people believe they need to buy an entirely new wardrobe every year, for example. But the hidden cost is much higher than the dollar amount. There are costs in happiness when people believe that their value is extrinsic. There are also environmental costs associated with widespread materialism.
In the book "Happiness: Lessons From a New Science", Richard Layard exposes a paradox at the heart of our lives. Most of us want more income so we can consume more. Yet as societies become richer, they do not become happier. In fact, the First World has more depression, more alcoholism and more crime than fifty years ago. This paradox is true of Britain, the United States, continental Europe and Japan.
The paradox that findings such as these bring up, is that consumerism is good for the economy but bad for the individual. In the short run, it's good for the economy when young people believe they need to buy an entirely new wardrobe every year, for example. But the hidden cost is much higher than the dollar amount. There are costs in happiness when people believe that their value is extrinsic. There are also environmental costs associated with widespread materialism.
In the book "Happiness: Lessons From a New Science", Richard Layard exposes a paradox at the heart of our lives. Most of us want more income so we can consume more. Yet as societies become richer, they do not become happier. In fact, the First World has more depression, more alcoholism and more crime than fifty years ago. This paradox is true of Britain, the United States, continental Europe and Japan.
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