It properly belongs with ungodly perspectives. To the Christian, the word describes an evil condition. Typically, Christians have a problem identifying true materialism. Christians tend to be more comfortable declaring what materialism is not.
Christians prefer to ignore materialism.
Its existence depends on the mind, heart, attitudes, and devotion of the person. It concerns internal conditions, not external criteria. Two people can have the same income, standard of living, amount of savings, possessions, retirement plan, and benefits. Yet, it is possible for one to be materialistic and the other not. Materialism is an attitude.