September 25, 2013

When the going gets tough, the materialistic go shopping



Materialistic people experience more stress from traumatic events such as terrorist attacks and are more likely to spend compulsively as a result, according to an international study led by a Michigan State University business professor.

These possession-driven folks tend to have lower self-esteem than others, said Ayalla Ruvio, assistant professor of marketing in MSU's Broad College of Business.