Materialistic values and well‐being in business students

Abstract We explored whether values focused on money, image, and popularity are associated with lowered well‐being, even in environmental circumstances supportive of such values. To this end, we administered three widely used measures of a materialistic value orientation to 92 business students in Singapore. As expected, those students who had strongly internalized materialistic values also reported lowered self‐actualization, vitality and happiness, as well as increased anxiety, physical symptomatology, and unhappiness. Results are consistent with past research suggesting that some types of values may be unhealthy. Copyright © 2002 John Wiley & Sons, Ltd.