People who live in affluent neighborhoods more likely to be materialistic

According to a study conducted by San Francisco State University, people who live in rich neighborhoods tend to be more materialistic.[1] In addition, these individuals are more likely to be compulsive spenders and poor savers. Researchers compared data regarding a neighborhood’s overall wealth and paired that with specific survey questions regarding spending and saving habits as well as views about money and the desire to have things.[2] What they found was that a perceived lack of wealth relative to one’s neighbors generated  feelings of inadequacy leading to both overspending and more overall materialistic feelings. For more information visit:

http://health.usnews.com/health-news/articles/2014/02/17/living-in-rich-neighborhood-may-fuel-materialism

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[1] http://www.healthday.com
[2]http://health.usnews.com/health-news/articles/2014/02/17/living-in-rich-neighborhood-may-fuel-materialism