Ed could not afford a new SUV after losing his job,but he felt like a better person after buying one.This is an example of how,during times of downward mobility,acquisition and consumption can serve to

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During times of downward mobility, individuals may experience a loss of self-worth due to a decrease in their social status or financial situation. Acquiring and consuming goods, such as buying a new SUV, can serve as a way to protect and maintain their self-worth, even if they cannot afford it. This is known as compensatory consumption.

Ed Could Not Afford a New SUV After Losing His