The turn of the twenty-first century witnessed a spectacular
rise in gross consumption. With the super-rich setting the pace,
everyone spent furiously in a desperate attempt to keep up. As cars
and houses grew larger and more expensive, the costs were
enormous--not only monetarily but also socially. Consumers spent
more time at work and less time with their family and friends; they
saved less money and borrowed more.
In this book, Robert Frank presents the first comprehensive and
accessible account of these financial choices. Frank uses
scientific evidence to demonstrate how these spending patterns have
not made us happier or healthier. "Luxury Fever" offers an exit
from the rat race, suggesting ways to curb the culture of excess
and restore true value to our lives.
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