What is meaning of affluenza and discuss its impact?

Answer 1

Affluenza is a word that was coined a few years to describe what happens to people who have too much money for their own good. Skills like bargain hunting, job skills, living within your means, common sense economically and so on are not really developed since everything in this list can be solved by having unlimited money to throw at any problems. Larger homes, where everyone has their own rooms (complete with computer, TV, cell phone, etc.), lead to more isolation and less interaction between family members. I think that professional soccer teams that cost a lot are not as valuable as those recreational teams where the kids play a lot of games, the fields are close to home instead of out of town, and so on make a difference in kid's lives. Elite private schools are good and bad in this manner.