I agree that sometimes it is a self esteem issue, feeling insecure. Owning an expensive car or big beautiful home might give some people more confidence, just like booze give some people more confidence to socialize and ask a girl to dance. Makes the people feel they will be perceived as good enough.
My husband says part of his drive for material things is it demonstrates his success, his hard work. He is funny though, he likes having a very nice house, but at the same time does not spend a lot on clothing (some of you might remember he sometimes darns his socks) he has not bought a new suit, dress shirt or pair of trousers in about 7 years. When you meet him you would never guess the cars he has or the house we have. Very laid back and casual and doesn’t like the whole she she scene.
I think a lot of his drive for material things is he had a lot of material things when he was young. Partly a family thing passed down, and partly cultural. The community he grew up with had new cars all the time and expensive watches and so on. He is much much less materialistic than his siblings.
But then, some people who grow up with nothing wind up extremely materialistic, so you never know. But, that has not been my experience. In my experience the people I know who grew up very poor, still are not very materialistic as adults when they make lots of money.
For me, some material things make me very happy. But, back to cultural differences, my dad always told me money is important not because of the material things you can buy, but because it gives you independence and power. Autonomy to do what you want to do. That stuck with me, and money mostly to me is security and being able to do what I want to do. So I like seeing money in the bank, as opposed to diamonds and designer labels.
I will say this, there is a big difference in quality of clothing when you get into designer labels compared to stuff made for the masses. Once you get used to the nicer things it is more difficult to go back, because you know the difference. So, another part of the pursuit for material things is to maintain a certain level.
My SIL when she was going through difficult financial times said she worried for her kids. I asked if she was having trouble making her rent or needed some help. She said no, but that she wanted them to grow up with nicer things so they would strive to be able to have those things. I found that so odd. But, when I look at my husband he is more ambitious than me in his career, and I guess part of the reason is for material things? He grew up getting whatever he wanted pretty much. He talks about going to disneyworld and his dad buying him a ton of stuff at the disney stores. I was allowed to spend $20 in the disney shop when I was little, and that was amazing to me. To him normal is being able to have all sorts of things. My normal is very different. I have more than I ever would have dreamed of because of him.
Wow, that was longer than I expected.