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In today’s world, consumerism is one of the strongest forces influencing us in our daily lives. We think our lives are better if we have the latest fashions, handbags, cars and smartphones. This belief has spread so much that now, many people associate increased happiness with owning more material items. But what are the consequences of this on our wallets and well-being? And what does this teach young people?

Buying luxury goods is rarely a rational decision, but it is often an emotional one. But how exactly do luxury brands convince their buyers that they need their expensive products?

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