MSN Money columnist MP Dunleavey talks about “The High Price of Too Much Stuff” in a recent post:
Never mind that we live in a culture that encourages constant consumption. Or that few can afford all the stuff that is supposedly part of the American dream. Or that debt is a drag on your personal financial health.
The relentless focus on having and buying and wanting and owning — and using your credit card or your home equity to cover it — has landed us here: with crates of things we don’t need, stuffed into compartments where we never see it, throwing yet more money down the drain for the meaningless thrill of knowing we have it.
Why? Because we don’t want to admit we were wrong, that buying all that stuff didn’t add up to what we had hoped.
I don’t agree with all of her statements (I’m reluctant to blame In Style magazine and the t.v. show Friends for current economic issues), but her general conclusion is a good one:
When I drive past those ugly, sprawling storage facilities, or even the bright cheery ones, I feel depressed. Someday these early years of the 21st century will be remembered as the Crazy Aughts, a time when Americans spent more money on nothing than ever before in our history.
And we are not richer, we are not happier, for all that getting and spending.
Thanks to reader Margaret who sent us the link.