Hyperconsumerism

Characteristics

In a hyper-consumption society, "each social experience is mediated by market mechanisms", as market exchanges have spread to institutions in which they played lesser (if any) role previously, such as universities.

Personal identity

Hyperconsumerism is fueled by brands, as people often form deep attachment to product brands, which affects people's identity, and which pressure people to buy and consume their goods.

Product lifecycle

Another of the characteristics of hyperconsumerism is the constant pursuit of novelty, encouraging consumers to buy new and discard the old, seen particularly in fashion, where the product lifecycle can be very short, measured sometimes in weeks only.

Consumer manipulation tactics

In consumer behavior, limited-time offers and flash sales are strategically employed to instill a sense of urgency, often leveraging the psychological phenomenon known as the fear of missing out (FOMO). This tactic prompts consumers to make rapid purchasing decisions, driven by the perception that opportunities are fleeting.

Conspicuous consumption

In hyperconsumerism, goods are often status symbols, as individuals buy them not so much to use them, as to display them to others, sending associated meanings (such as displaying wealth). However, according to other theorists, the need to consume in hyper-consumption society is driven less by competition with others than by their own hedonistic pleasure.

Religious characteristics

Hyperconsumerism has been also said to have religious characteristics, and have been compared to a new religion which enshrines consumerism above all, with elements of religious life being replaced by consumerist life: (going to) churches replaced by (going to) shopping malls, saints replaced by celebrities, penance replaced by shopping sprees, desire for better life after death replaced by desire for better life in the present, and so on. Mark Sayers notes that hyperconsumerism has commercialized many religious symbols, giving an example of religious symbols worn as jewelry by non-believers.