This study explores the concepts of materialism and postmaterialism using Inglehart's theory of postmaterialism. 288 participants completed surveys measuring materialism, postmaterialism, well-being, and consumption behaviors. Results showed that popular definitions of materialism highly overlap while measures of postmaterialism were less correlated, suggesting they are distinct constructs. Regression analyses found that materialism positively predicted maladaptive consumption and material buying, while postmaterialism negatively predicted these behaviors. Materialism also negatively predicted well-being, while postmaterialism positively predicted well-being. The findings suggest materialism and postmaterialism should be measured separately as they have different implications for consumption and well-being.