Affluenza

AAA

DEFINITION of 'Affluenza'

A social condition arising from the desire to be more wealthy, successful or to "keep up with the Joneses". Affluenza is symptomatic of a culture that holds up financial success as one of the highest achievements. People said to be affected by affluenza typically find that the very economic success they have been so vigorously chasing ends up leaving them feeling unfulfilled, and wishing for yet more wealth.

INVESTOPEDIA EXPLAINS 'Affluenza'

Affluenza is arguably present in the United States, where the culture is one that prides itself on possessions and financial success. Mainstream media outlets, such as television broadcasts, tend to show how pervasive the idea has become.

While affluenza cannot be quantified easily, those wishing to avoid the condition should look to be the master of, not a slave to, the things they have or wish to obtain.

RELATED TERMS
  1. Quality Of Life

    A highly subjective measure of happiness that is an important ...
  2. Debt

    An amount of money borrowed by one party from another. Many corporations/individuals ...
  3. Discretionary Income

    The amount of an individual's income that is left for spending, ...
  4. Savings

    According to Keynesian economics, the amount left over when the ...
  5. Autonomous Consumption

    The minimum level of consumption that would still exist even ...
  6. Yuppie

    A slang term denoting the market segment of young urban professionals. ...
Related Articles
  1. Stop Keeping Up With The Joneses - They're ...
    Budgeting

    Stop Keeping Up With The Joneses - They're ...

  2. 10 Tips For Achieving Financial Security
    Savings

    10 Tips For Achieving Financial Security

  3. Delay In Retirement Savings Costs More ...
    Retirement

    Delay In Retirement Savings Costs More ...

  4. The Beauty Of Budgeting
    Budgeting

    The Beauty Of Budgeting

comments powered by Disqus
Hot Definitions
  1. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  2. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
  3. Ratio Analysis

    Quantitative analysis of information contained in a company’s financial statements. Ratio analysis is based on line items ...
  4. Days Payable Outstanding - DPO

    A company's average payable period. Calculated as: ending accounts payable / (cost of sales/number of days).
  5. Net Sales

    The amount of sales generated by a company after the deduction of returns, allowances for damaged or missing goods and any ...
  6. Over The Counter

    A security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, etc. The phrase "over-the-counter" ...
Trading Center