We Shop Because We’re Lonely, We’re Lonely Because We Shop; being lonely made you more materialistic, and being materialistic made you lonelier

We Shop Because We’re Lonely, We’re Lonely Because We Shop

NICHOLAS HUNE-BROWN

FEBRUARY 27, 2014

It is a sad paradox of modern existence that on a planet thick with humans—a place chock-full of them—so many are so desperately alone. A recent survey found that more than a third of Americans over 44 are lonely, and almost half of them have felt that way for more than six years. Here we are, desperate mariners floating through a sea of humanity—people everywhere but not a one to have a casual drink with on a Thursday evening while chatting about the latest episode of True Detective. What are we doing wrong?

There are plenty of potential reasons for this state of affairs, enough theories to fill sociological textbooks and fuel a thousand think-pieces. Is the big anonymous city isolating us? Whatever happened to bowling and community? Is it Facebook’s fault? One common explanation, the scapegoat in plenty of vaguely countercultural movies and high-school pot-smoking bullshit sessions, is materialism. Call it the Fight Club Thesis: our love of objects is making us sad.

The general theory is that materialism can “crowd out” social relationships; your handbag collection temporarily makes you feel like you don’t need the comfort of human relations or to make the painful effort of actually finding companionship. A 2008 study found that people who imagined they were socially excluded put more of a priority on money, appearance, and popularity. Similarly, people who remembered instances of being socially excluded became more attached to their belongings for comfort.

A recent study by Rik Pieters, a researcher at the Tilburg School of Economics and Management in The Netherlands, though, sought to investigate the “bidirectional dynamics” of loneliness and materialism—not just test if being lonely made you more materialistic, but if being materialistic made you lonelier.

In the study [PDF], Pieters followed more than 2,500 Dutch people over six years. For more specificity, the researcher broke materialism down into three categories that have subtle but significant differences. What Pieters calls “acquisition centrality” is pure, unfettered materialism. It’s the consumerism of the shopaholic—an unadulterated love of acquiring and owning possessions. “Possession-defined success” is the desire to keep up with your neighbours, a status-driven urge to make sure you’re not falling behind. And “acquisition in the pursuit of happiness” is exactly what it sounds like: buying with the belief that happiness is just one more Apple product away. It is materialism that “reflects a deficit.”

Pieters gave respondents an 18-item questionnaire designed to differentiate between these strains of materialism by asking them to rate how much they agreed with statements such as: “I like a lot of luxury in my life” (acquisition centrality), “I like to own things that impress people,” (possession-defined success), or, “I’d be happier if I could afford to buy more things” (pursuit of happiness). Loneliness, similarly, was measured using blunt statements such as: “I feel isolated from others,” “I am unhappy being so withdrawn,” “People are around me but not with me.”

By getting people to answer these questions across the years, Pieters was able to chart the way the two characteristics influence one another. He found that, over time, loneliness increased materialism and materialism increased loneliness (though the effects here were much smaller). Consumers can find themselves in a vicious circle, shopping because they’re sad, getting sadder as they shop, shopping some more—a loneliness loop that threatens to end with authorities discovering you alone in your apartment, long since dead, surrounded by a heaps of unopened Amazon boxes.

Surprisingly, however, as Pieters dug down into the different types of materialism, he found that not all materialism makes you miserable. While those who shopped in pursuit of happiness or to attain a particular status predictably increased loneliness over time, the people shopping out of “acquisitive centrality” actually seemed to decrease their loneliness.

This makes a certain amount of sense. Those shopping to fill a hole in their lives were never going to find happiness that way. After buying yet another pair of sunglasses with the hope that, at long last, they would win the admiration of their peers and find true contentment, they ended up feeling more lonely than ever. The pure shoppers, meanwhile, bought a new pair of sunglasses out of love for the shades themselves. They may be materialistic, but their motivations were innocent. So: if you’re lonely, don’t expect buying something to help you. If, on the other hand, you are a legitimately shallow person who loves objects with a pure heart, those new glasses may just take the sting off your abject isolation.

 

Unknown's avatarAbout bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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