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Materialistic value orientation and wellbeing

Helga Dittmar, Amy Isham Orcid Logo

Current Opinion in Psychology, Volume: 46, Start page: 101337

Swansea University Author: Amy Isham Orcid Logo

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Abstract

People with a strong materialistic value orientation (MVO) believe that the acquisition of more money and expensive material possessions will improve their wellbeing and social standing. Paradoxically, striving for evermore money and material goods as a means of improving wellbeing often undermines...

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Published in: Current Opinion in Psychology
ISSN: 2352-250X
Published: Elsevier BV 2022
Online Access: Check full text

URI: https://cronfa.swan.ac.uk/Record/cronfa61454
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Abstract: People with a strong materialistic value orientation (MVO) believe that the acquisition of more money and expensive material possessions will improve their wellbeing and social standing. Paradoxically, striving for evermore money and material goods as a means of improving wellbeing often undermines quality of life. This paper documents how MVO has been linked to poorer wellbeing across different facets of wellbeing (personal, social, and environmental) and that these negative associations have been recorded across the lifespan. However, it also shows that the link is complex in that it can be moderated by certain personal and cultural factors and is bidirectional in its nature. By demonstrating a predominantly negative effect of MVO on wellbeing, the evidence highlights a need for interventions to reduce MVO and alter how people relate to material possessions.
Keywords: Materialistic Value Orientation; Materialism; Wellbeing; Environment
College: Faculty of Medicine, Health and Life Sciences
Funders: This work was conducted with financial support from the UK Economic and Social Research Council (ESRC) in particular through grant no: ES/M010163/1 which supports the Centre for the Understanding of Sustainable Prosperity.
Start Page: 101337