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…
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