It is often said that people are too concerned with getting things and spending money. What is your opinion?
In today’s society, I think we are very privileged and often obsessed with buying new items and using money frivolously. Especially for us youths, where most of our parents are able to provide us with more than our basic necessities and allow us to lead comfortable, or even luxurious, lifestyles. This would cause us to subconsciously pursue a more indulgent lifestyle, where we spend more money on buying things. Therefore, I do believe that people are too concerned with getting things and spending money.
One main contributor to such a behaviour would be acceptance from society. We would want to be accepted by others and included in groups to gain a sense of belonging in our social circles. This prevents us from being judged or singled out for being different from others. For example, in Singapore, some schools appear to be more elitist where students who join such schools usually end up spending more money to fit in with their peers, by buying more luxurious accessories that are common to students in such schools. While fitting in materialistically is surely not a school or societal requirement, it is an unofficial rule by which teenagers and people are judged. Thus, people are fixated with obtaining things and spending money to gain validation from their social circles.
The second motive for such actions is to win the admiration of others. People strive to achieve this via trend-setting or becoming an influencer to flaunt their wealth, especially with flex culture. This term refers to the habit of people proving that they have what others do not have, and showing that they are leading better lives. One example of such actions is by an internet star, Mr Beast, who spends millions of dollars a month giving back to his followers through giveaways and money grabs. While his actions win netizens’ hearts for his appreciation and generosity towards his fans, he can have an ulterior motive of gaining admiration through spending large sums of money that people usually only dream of having. Therefore, people may spend money in such cases, simply to gain the approval of others.
People also are obsessed with getting things and spending money as a form of therapy, known as retail therapy. Such retail therapy can help people cope with the stresses of day-to-day life as it provides a channel to release stress. According to research, shopping helps our brains release endorphines and dopamine. The instant reward motivates us to want to re-experience the ‘rush’, resulting in an addiction to buying things and spending money. It also helps relaxes minds and blinds one from the world. Personally, I do indulge in the above to relieve the pressures of training to be the best at my sport. When I am stressed, I would go out to shop for shoes and clothes, and usually end up purchasing more shoes and clothes than I need. Therefore, I believe people are very concerned with getting things and spending money, as it is a form of therapy to improve their mental and emotional health.
To sum up, I feel that spending money on material things has become the norm for people in modern times, and for some, an obsession. With the development of world economies, there is likely no way to reverse this trend, but I believe with the general awareness of the need to plan for our future, we will surely be able to live more wisely than just blatant spending.
Written by: Kiran G. (Secondary 4)