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Affluenza

What is Affluenza?

Affluenza is a linguistic blend of the words affluence and influenza. It is used to critic people in a consumerist society, who are never satisfied with their status and are in a constant pursuit of more wealth and privilege. This results in poor judgment from a failure to understand the consequences of their actions, a result of a “do whatever it takes mentality.” The term was made popular in the Ethan Couch Case, who was sentenced to probation and therapy, after being charged on four counts of intoxication manslaughter. This sentence was considered by a large group of people as lenient, as no prison time was sentenced at the time. The term described the psychological phenomena of not perceiving consequences, due to a lack of limits imposed by parents

Additional Resources

CFI is a global provider of financial modeling courses and of the FMVA Certification. CFI’s mission is to help all professionals improve their technical skills. If you are a student or are looking for a career change, the CFI website has a multitude of free resources to help you jumpstart your Career in Finance. If you seek to improve your technical skills check out some of our most popular courses. Below are some additional resources for you to further explore:

 

The Financial Modeling Certification