The Plastic Trap

@article{Pettit2011ThePT,
  title={The Plastic Trap},
  author={Nathan C. Pettit and Niro Sivanathan},
  journal={Social Psychological and Personality Science},
  year={2011},
  volume={2},
  pages={146 - 153}
}
Conspicuous consumption and its accompanying debt played a critical role in crippling global financial markets in 2008. Although a confluence of factors contribute to hyper-consumerism, the authors explore the potential role of two psychological forces—the desire to combat self-threats through compensatory consumption and the relatively pain-free experience of consuming on credit—that may have interactively contributed to the pernicious cycle of consumption and debt. Consistent with their… Expand
24 Citations

Figures from this paper

...
1
2
3
...

References

SHOWING 1-10 OF 76 REFERENCES
Protecting the self through consumption: Status goods as affirmational commodities
  • 263
  • PDF
Desire to Acquire: Powerlessness and Compensatory Consumption
  • 555
  • Highly Influential
The Red and the Black: Mental Accounting of Savings and Debt
  • 986
  • Highly Influential
  • PDF
Psychological antecedents of conspicuous consumption
  • 260
The use and abuse of consumer credit: Application of psychological theory and research
  • 225
Money Attitudes, Credit Card Use, and Compulsive Buying among American College Students.
  • 519
Monopoly money: the effect of payment coupling and form on spending behavior.
  • 199
  • PDF
The Psychology of Self‐defense: Self‐Affirmation Theory
  • 1,063
  • PDF
...
1
2
3
4
5
...