1. The materialism and overconsumption in affluent communities that is harmful to the environment and society. Includes large-scale consumer debt, product waste, and greed. The relentless pursuit of financial success leaves them unfulfilled and unsatisfied, craving more wealth, while unable to get lasting pleasure from material things. Consumption and acquisition dominate their time and thoughts to the detriment of personal relationships and wellbeing. 2. The guilt, depression or lack of motivation experienced by people who have made or inherited large amounts of money and who no longer need to work. Endless increases in material wealth without a clear and compelling purpose may lead to feelings of worthlessness and dissatisfaction rather than experiences of a better life.
glossary Page 2 of 3
1. A tax deduction for the gradual consumption of the value of an intangible asset. For example, if a company spends $10 million on a 10-year license, it amortizes the expense by deducting $1,000,000 from its taxable income per year for 10 years. Often used interchangeably with depreciation, which is the same thing for tangible assets. 2. The spreading of loan repayments over a given period of time.