This week we discussed the books The Overspent American: Why We Want What We Don’t Need by Juliet B. Schor. Since I was sick on Monday and could not attend class I will talk about the things that I noticed in the first three chapters. On the first page of the first chapter immediately the saying “Keeping up with the Joneses” is brought up. However as Schor states the culture of spending has intensified, that in the older days our neighbors are the ones who set the standards. However today our neighbors are no longer the focus, who cares what restaurants they go to and where they shop. Our comparisons are no longer made in regards to people in our own general earnings category. Instead we make comparisons to reference groups, people’s incomes who are four or five times higher than ours. In the end of chapter one Schor states “Surveys show that many believe materialism is running the country, perverting our values and damaging our children.” This is something that comes up in the later chapters. In chapter two it starts off talking about what makes us consume? It’s the exposure to the possessions and lifestyle of a reference group. Something that caught my attention was the reference to Pierre Bourdieu and cultural capital. People from families rich in cultural capital assimilate knowledge of what is good and bad. This is something that shows up today, the rich because of the money they have can travel, become culture, they buy top of the line things and all of it is in good taste. Something that also caught my interest was the determining that items carry different levels of status. In chapter three is says that items that are hidden and not seen have a low status such as your furnace and example Schor uses, however you make up and clothes all have a high status because they are seen daily. It is all about visible status, an example used was Tommy Hilfiger and that if he makes a shirt and puts a logo on one and nothing on the other, and the logo shirt will sell. It’s crazy how our minds work when shopping.
On Wednesday we talked about the rest of the book. We started talking about how we don’t need a lot of the things we have. However, society has made us to believe we need these things to keep up with the Joneses or just keeping up with progress. However it s not like we walk around everyday thinking I need this I need that it is a subconscious thought of the whole keeping up. We then continued to talk about competition; parents are using their kids to compete with other families by buying them gifts. Parents are the agents of materialism the way they act teaches kids their priorities. They also put their kids in a variety of activities so that they never are really home; parents do this because they don’t want their kids to fail because if your kids fail you fail as a parent. However, today the idea of success is warped. We then talked about gifting, specifically self gifting and retail therapy that shopping makes one feel better. However with this shopping comes some guilt. The other gifting we talked about was conspicuous gifting, where a friend that has a lot of money buys you something just because they can. The other problem with gifting in a relationship the woman will want diamonds because she is worth it, however when she doesn’t get the diamonds herself worth goes down. It’s weird how what we own and have establishes our self worth. From this we touched on second hand, because we buy so much we create clutter in our lives, is a material overload and just need to get rid of it, in yard sales, being it to good will, eBay all different ways. Near the end of the class we talked about downshifters, and that it’s a voluntary or involuntary life change. You take a job that actually makes a difference such as pro-bono or PR work and you end up making maybe $20,000 less. You have to learn to adjust your lifestyle so you can live comfortably. We talked about if any of us have downshifted but it was hard as college students to answer that because some of us still are relying on mom and dad. The last thing we talked about was in the epilogue Schor gave some recommendations to fix our problems: Understand advertising, listen to consumer organizations as much as the manufacturer, promote savings and have courses in high school that teach balancing a check book, life skills and spending, that the government should have smaller home pay less taxes then the bigger homes, she says get rid of corporate tax credits for advertising and lastly get organized.
As it was said in class on Wednesday it is hard as a college student to downshift, but as the years go by I have found myself doing it, especially now as I think back and compare high school to college. I am a materialistic person and I will admit it, I like nice new things. However this is something that I have learned from my parents, they didn’t have everything I have when they were my age, so my mom and dad made it so that because they didn’t my sisters and I should. Also my dad is defiantly making up for not having things when he was a kid. All my life, I was taught it was OK to buy things, unlike my sisters however I have learned to look at price tags. My parents have shown me that it’s OK to spend your money, but in high school I wasn’t spending my money I was spending theirs. Now that I am 21 I am really no longer spending their money they provide me tuition, housing and food but everything else is on me now. Even though I was brought up spending and then all of a sudden I hit an age where it is not ok. My dad will question me why I bought something and I just tell him it’s not your money I am spending dad, usually it gets him off my back. But he has a point why am I spending, and I think well dad you buys lots of things… the only difference he has a steady income and knows that’s its fine, unlike me. I spend $200 I will be paying it off for at least a month and a half. So now when I shop I pick something up, and say oh I want this, I do stand there and think do I need this, seriously Amanda do you? Sometimes my desire beats out my common sense but because my income is only from babysitting no set hours, I have to start cutting back which will be good for me because I am going into the profession of teaching.