Scientists Find that Low Self-Esteem and Materialism Goes Hand in Hand

"In the short run, it's good for the economy when young people believe they need to buy an entirely new wardrobe every year, for example."

The broken window fallacy is back, wearing an all new suit of clothes!

I've noticed a much more obvious connection between poverty and materialism, but perhaps for these purposes low self esteem << poverty.

When a blog entry cites Fight Club and Mad Magazine, well...

I'll say this, though: When I was a child I had a funny addiction to the sensation of getting a few dollars and rushing out to buy something. That impulse is all but gone now...I suppose I associate materialism with childishness as a result.

Yep that is true, and how do you get more self-esteem?

By being rich!!

This is one of those no-duh moments.