In addition to its already well-documented negative direct effects on a person's well-being, materialism also wields an indirect negative effect by making bad events even worse, according to a paper co-written by a University of Illinois expert in consumption values.Business professor Aric Rindfleisch says not only is materialism antithetical to individual welfare, it also has a secondary effect of amplifying traumatic events - everything ranging from terrorism to car accidents and life-threatening illness - to make them seem that much worse.
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