People who place a high value on material goals are unhappier than those who are less materialistic. Materialism is also associated with lower self-esteem, greater narcissism, greater tendency to compare oneself unfavourably with other people, less empathy and more conflict in relationships.
I have actually become more depressed just writing this blog. PEOPLE, STOP—STOP WHAT YOU'RE DOING BEFORE IT'S TOO LATE. NONE OF THIS MEANS ANYTHING.