PROS
Material Comfort: Tangible possessions can provide individuals with a higher standard of living,
comfort, and convenience. Having access to basic necessities, quality housing, reliable
transportation, and modern amenities can significantly enhance one's well-being and overall
happiness.
Financial Security: Tangible possessions, such as savings, investments, and property, can provide
individuals with a sense of financial security. This security can lead to reduced stress, anxiety, and an
overall sense of well-being, as it ensures stability and the ability to meet one's needs and desires.
Opportunities and Experiences: Having tangible possessions can provide individuals with
opportunities and experiences that contribute to their happiness and welfare. For instance,
possessing a vehicle allows for travel, exploration, and the ability to engage in various activities and
hobbies, which can broaden one's horizons and bring joy.
CONS
1 Hedonic Adaptation: Humans have a tendency to adapt to their material possessions and quickly
normalize them. This means that the initial excitement or pleasure derived from acquiring a new
possession tends to diminish over time. The pursuit of more and better possessions becomes a
never-ending cycle, leaving individuals perpetually unsatisfied and seeking the next item, leading to a
constant state of discontent.
2 Meaning and Purpose: True happiness and welfare come from a sense of meaning and purpose in
life. Material possessions may provide temporary pleasure, but they do not inherently fulfill one's
deeper need for purpose, fulfillment, and a sense of contributing to something greater than oneself.
Engaging in activities that align with personal values, pursuing passions, and forming meaningful
connections are essential for achieving long-lasting happiness and welfare.
3 Social Comparison and Status Anxiety: The desire for tangible possessions often stems from a need
for social validation and status. However, basing happiness on material wealth can result in social
comparison and status anxiety, as there will always be someone with more possessions. This
constant comparison can lead to feelings of inadequacy, envy, and a persistent sense of unhappiness.