How is the transition from 'conscious consumption' to 'compulsive consumption' impacting family structure and dynamics in urban areas?

Conspicuous consumption and compulsive consumption are fallouts of India's tryst with modernisation and urbanisation Impact of change on family structure: i Nucleonisation from joint family setting By higher income per person to spend by couple, ignoring early parents By higher economic freedom ii Hiloacentralism: child centeredness in family with emphasis on IBAD spending iii DINKs family: Double income, no kids, reliance to family child iv Delayed age of marriage: Greater economic freedom for woman Scholarships/relationships replacing expensive marriage feasts/divorce v 'Shalt attitudes'/relationships/caregiving replacing expensive marriage feasts/divorce

Change in family dynamics: i Change from spiritualism to consumerism ii Marketing as marker of social progression: outstanding spending iii Conflict between couple/parents if ideologies do not align iv Requirement for second income/reliance on borrowing Adoption of credit culture: speedily RBI says 'NPAs in retail accounts rising' v Spirit of individualism & self-centredness: replacing family as a communal unit Therefore, changes brought about by compulsive consumption are largely negative for family dynamics