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The impact of materialism and anti-consumption lifestyles on personal debt and account balances

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  • Nepomuceno, Marcelo Vinhal
  • Laroche, Michel

Abstract

We investigated how anti-consumption lifestyles and materialism correlate with personal debt and account balances. The data collection was conducted in partnership with a financial institution which provided a representative sample of account holders and theirs personal debt and account balances. We found that the happiness dimension of materialism correlates positively with personal debt and negatively with account balances. Additionally, we found that the success dimension of materialism correlates negatively with personal debt and positively with account balances. We also found that frugality correlates positively with account balances and voluntary simplicity correlates negatively with personal debt. Finally, we explored how the interaction between the anti-consumption lifestyles and materialism dimensions correlates with account balances and personal debt. The implications of the findings for theory development, policy makers and transformative consumer research are discussed.

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  • Nepomuceno, Marcelo Vinhal & Laroche, Michel, 2015. "The impact of materialism and anti-consumption lifestyles on personal debt and account balances," Journal of Business Research, Elsevier, vol. 68(3), pages 654-664.
    • Handle: RePEc:eee:jbrese:v:68:y:2015:i:3:p:654-664
    DOI: 10.1016/j.jbusres.2014.08.006
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    3. Bahri-Ammari, Nedra & Coulibaly, Daouda & Ben Mimoun, Mohamed Slim, 2020. "The bandwagon luxury consumption in Tunisian case: The roles of independent and interdependent self concept," Journal of Retailing and Consumer Services, Elsevier, vol. 52(C).
    4. Florence Ziesemer & Alexandra Hüttel & Ingo Balderjahn, 2019. "Pioneers’ Insights into Governing Social Innovation for Sustainable Anti-Consumption," Sustainability, MDPI, vol. 11(23), pages 1-16, November.
    5. Gong, Siyu & Suo, Danni & Peverelli, Peter, 2023. "Maintaining the order: How social crowding promotes minimalistic consumption practice," Journal of Business Research, Elsevier, vol. 160(C).
    6. Laurie Touchette & Marcelo Vinhal Nepomuceno, 2020. "The Environmental Impact of Consumption Lifestyles: Ethically Minded Consumption vs. Tightwads," Sustainability, MDPI, vol. 12(23), pages 1-22, November.
    7. M. Joseph Sirgy & Dong-Jin Lee & Grace B. Yu, 2020. "Shopping-Life Balance: Towards a Unifying Framework," Applied Research in Quality of Life, Springer;International Society for Quality-of-Life Studies, vol. 15(1), pages 17-34, March.
    8. Marcelo Vinhal Nepomuceno & Michel Laroche, 2017. "When Materialists Intend to Resist Consumption: The Moderating Role of Self-Control and Long-Term Orientation," Journal of Business Ethics, Springer, vol. 143(3), pages 467-483, July.
    9. Olavo Pinto & Beatriz Casais, 2023. "Multilevel implications for anti-consumption social marketing within the public policy framework for SDG realization: a systematic literature review," International Review on Public and Nonprofit Marketing, Springer;International Association of Public and Non-Profit Marketing, vol. 20(3), pages 605-634, September.
    10. Jaspers, Esther, 2018. "Opening up on consumer materialism," Other publications TiSEM a21cb1c8-5af1-46cc-9ea0-a, Tilburg University, School of Economics and Management.
    11. F. Ziesemer & A. Hüttel & I. Balderjahn, 2021. "Young People as Drivers or Inhibitors of the Sustainability Movement: The Case of Anti-Consumption," Journal of Consumer Policy, Springer, vol. 44(3), pages 427-453, September.
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    13. Kyung-Tae Lee, 2022. "How Are Material Values and Voluntary Simplicity Lifestyle Related to Attitudes and Intentions toward Commercial Sharing during the COVID-19 Pandemic? Evidence from Japan," Sustainability, MDPI, vol. 14(13), pages 1-14, June.
    14. Alexander Davidson & Marcelo Vinhal Nepomuceno & Michel Laroche, 2019. "Shame on You: When Materialism Leads to Purchase Intentions Toward Counterfeit Products," Journal of Business Ethics, Springer, vol. 155(2), pages 479-494, March.
    15. Marcelo Vinhal Nepomuceno & Michel Laroche, 2016. "Do I Fear Death? The Effects of Mortality Salience on Anti-Consumption Lifestyles," Journal of Consumer Affairs, Wiley Blackwell, vol. 50(1), pages 124-144, March.
    16. Alzubaidi, Hawazin & Slade, Emma L. & Dwivedi, Yogesh K., 2021. "Examining antecedents of consumers’ pro-environmental behaviours: TPB extended with materialism and innovativeness," Journal of Business Research, Elsevier, vol. 122(C), pages 685-699.
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    18. Justyna Kramarczyk & Mathieu Alemany Oliver, 2022. "Accumulative vs. Appreciative Expressions of Materialism: Revising Materialism in Light of Polish Simplifiers and New Materialism," Journal of Business Ethics, Springer, vol. 175(4), pages 701-719, February.

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