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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