Materialism is having a devastating impact on societies and individuals throughout the world. With a focus on the moral and social consequences of materialistic mindsets and lifestyles, this book examines psychological, sociological and spiritual perspectives substantiated by extensive scientific research reported in the literature. The problem of wealth and poverty is not only an economic issue; it is also a moral dilemma. In challenging the unbridled accumulation of wealth, or the economic injustices and corruption of our modern world, the author discusses the roles of egotism, arrogance and indifference to the plight of millions who die each year from starvation and disease. Such indifference, as well as the deterioration of human behaviour, are rooted in the loss of values and spiritual perspectives on life. This book challenges the view that matter is the centrepiece of life a view that denies spirituality, conscience and feeling. It advocates for a sensible balance between the spiritual and material aspects of life as two pillars of an equitable civilization.