The trend towards larger homes and more luxurious cars increases energy consumption and carbon emissions, - , exacerbating global warming., Brand loyalty and prestige associated with certain products compel consumers to pay premium prices, - , which can widen social class disparities., Tik Tok and Instagram influence purchasing habits by showcasing lifestyle products, - , which leads to increased spending and less savings among young adults., The rise in consumerism pushes companies to produce goods more quickly and cheaply, - , often at the expense of product quality and durability., Consumer's desire for fast fashion leads to quick changes in clothing collections, - , creating poor working conditions in the countries where the clothes are manufactured., Huge annual sales with heavy discounting by retailers leads to impulsive buying behaviours, - , which increase personal debt among consumers because of the temptation to purchase multiple items at once., The desire for the latest technology causes rapid obsolescence of electronic devices, - , resulting in higher volumes of electronic waste., The availability of retirement savings prompts older consumers to indulge in luxury travel and high-end products, - , leading to a significant increase in spending during their pension years., The availability of cheap natural products encourages overconsumption, - , which depletes natural resources faster than they can be replenished.,

Problems in Consumerism

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