Earn more, spend more, want more:
It results in an obsessive, envious keeping-up-with-the-Joneses state of mind that increases our vulnerability to emotional disorders, and is responsible for rising levels of depression, addiction, violence and anxiety in the developed world. It is, I believe, a contagious disease of the middle classes.
It does seem many people lose focus on happiness and instead focus on buying more things. This is something that I believe is a problem.
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Hi CCIE,
Very Interesting article of “affluenza virus” by Oliver James, which deals with the placing of a high value on money, possessions, appearances (physical and social) and fame. It is an detailed article Telegraph.co.uk
You have very interesting and informative posts on Investing, Economics and others. Thank you for sharing your valuable info here on your blog.