Success materialism (wealth and material possessions are a sign of success in life) positively influences life satisfaction by boosting a person's economic motivation. This can lead to a rise in their future satisfaction with their standard of living, which positively influences overall life satisfaction.

Does being materialistic reduce your happiness?

The scientific literature seems to show that materialistic tendencies have a variety of effects on an individual, one of them being depression. One study of 430 university students between the age of 18 and 24 found a significant positive relationship between materialism and depression.

Is being materialistic a good thing?

Highly materialistic people believe that owning and buying things are necessary means to achieve important life goals, such as happiness, success and desirability. ... Research shows that highly materialistic people tend to care less about the environment and other people than “non-materialists” do.