Has the COVID‐19 pandemic made us more materialistic? The effect of COVID‐19 and lockdown restrictions on the endorsement of materialism

Date

2022-01

Advisors

Journal Title

Journal ISSN

ISSN

Volume Title

Publisher

Wiley

Type

Article

Peer reviewed

Yes

Abstract

The COVID‐19 pandemic has led to an increase in the factors that typically facilitate the endorsement of materialistic values (e.g., higher media consump tion, stress and anxiety, loneliness, death anxiety, and lower moods). In this paper, we examine how contextual changes affecting the antecedents of ma terialism influence its advocacy with a mixed‐method approach. First, a correlational study (Study 1) suggests that increases in media consumption and stress and anxiety during the pandemic predicted current levels of materialism, however, these effects were limited. Second, contrary to our expectations, a longitudinal study (Study 2) shows that people's focus on money decreased during the pandemic. Last, a social media content analysis (Study 3) reveals a downward trend in users’ online discourses about consumption‐related behaviors, but an upward trend in brands promoting spending as a way to attain well‐being. The observed effects could fuel deeper societal change in the labor market and in consumer behavior, and have further implications for individual and societal well‐being in a post‐pandemic world. We recommend future interventions aimed at diminishing materialistic attitudes to examine the effects of decreasing media consumption and to explore how other factors introduced by the pandemic (e.g., a health or well‐being focus) might moderate its advocacy.

Description

The file attached to this record is the author's final peer reviewed version. The Publisher's final version can be found by following the DOI link.

Keywords

attitude change, consumption, contextual effects, COVID-19, materialism, media consumption, money

Citation

Moldes, O., Dineva, D. and Ku, L. (2022) Has the COVID‐19 pandemic made us more materialistic? The effect of COVID‐19 and lockdown restrictions on the endorsement of materialism. Psychology and Marketing,

Rights

Research Institute