The problem isn't materialism as such. Rather it is the underlying assumption that full satisfaction can arise from gratifying the senses alone. Unlike animals whose quest for happiness is restricted to survival and to the immediate gratification of sensory desires, we human beings have the capacity to experience happiness at a deeper level which, when achieved, can overwhelm unhappy experiences.
Dalai LamaOne of the most effective ways to overcome anxiety is to try to shift the focus of attention away from self and toward others. When we succeed in this, we find that the scale of our own problems diminishes. This is not to say we should ignore our own needs altogether, but rather that we should try to remember others' needs alongside our own, no matter how pressing ours may be
Dalai LamaAs soon as I wake up I pay homage to the Buddha, and I try to prepare my mind to be more altruistic, more compassionate, during the day to come so I can be of benefit to beings. Then I do physical exersice - I walk on a treadmill.
Dalai LamaYet even the rich have their own kind of suffering, anxiety, doubt, and fear. So in many cases, wealthy people aren't happy! And once those with material wealth encounter small difficulties, their amount of mental suffering is sometimes bigger than it is for those who have faced such difficulties every day.
Dalai Lama