Answer:
The statement is false. Yuppies were not people who rejected material wealth.
Explanation:
The term yuppie describes the stereotype of the young common executive in the United States. Basically they are people between 20 and 39 years old, recently graduated from university, who practice their professions and have medium-high income. In addition, they are up to date technologically speaking and dress fashionably. They have a marked tendency to value material excessively, being typical investments in stock exchanges, buying vehicles and staying at the forefront of technology (more sophisticated mobiles, notepads, etc).
The term is, however, more used in a pejorative way to define the young, successful, arrogant and “undeservedly rich” professional.
