The Money with Katie Show The Psychology of Overconsumption—and How to Shift Your Mindset for a Richer Life
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Aug 21, 2024 Aja Barber, a sustainability expert and author of 'Consumed,' dives into the psychology of overconsumption. She discusses why Americans aren't tiring of excessive spending, despite its consequences. Aja examines the emotional motivations behind our consumer habits, touching on wealth inequality and the evolution of shopping culture. She advocates for a shift from wants to needs, emphasizing the importance of mindful consumption in the fast fashion industry. Join her in reevaluating our relationship with purchases for a richer, more sustainable life.
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Frugal Woods Interview
- Katie Gaddy-Tossin's interest in personal finance began with the ChooseFI podcast in 2018.
- An interview with Mrs. Frugalwoods significantly shifted her perspective on consumerism and spending habits.
Consumerism as Self-Expression
- American consumerism equates purchasing power with agency and self-expression.
- This mindset, fueled by targeted marketing, drives overconsumption even among high earners.
Shift to Constant Growth
- 20th-century capitalism shifted societal focus from meeting basic needs to constant growth.
- This prioritization led to the creation of consumer culture and a manufactured "need" for more.