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American consumerism, materialism and conspicuous consumption — A culture in crisis?

American consumerismIf there’s one thing American culture has never shied away from, it’s consumerism. The term consumerism was first used in 1915 to refer to “advocacy of the rights and interests of consumers, according to the Oxford English Dictionary. But does all this consumerism make us any happier? Northwestern University found that anyone placing great value on wealth, status and material possessions is more likely to be depressed and anti-social than the rest of us. Read more