1)What is consumerism ??? Consumerism is the commodification of certain abstract values such as high social status , self -actualizations , sense of belonging and societal expections . 2) In what sense consumerism is a trap? It encourage us to spend beyond our needs by tapping into our future incomes and rainy day fund .Without adequate saving ,we cannot grasp any opportunity to realise finance independence either by starting a business or investing .