This study seek to identify affective answers due to involuntary losses of symbolic possessions of low-income people who socially ascended in the period from 2003 to 2013 identifying themselves as members of the Brazilian middle class. Due to the economic crisis, these consumers suffered symbolically significant losses that affected the constitution of part of their self. Starting from the understanding that those losses go beyond simple material deprivation and extend to the construction of an acquired identity, the work proposes that affective responses to involuntary losses stablish a strong relationship with the phases identified by Kubler-Ross (2000): denial, anger, bargaining, depression and acceptance. Twelve consumers who had risen socially and also were recently hit by the economic crisis were interviewed, having suffered considerable upheavals in their construction of the self. The phenomenological interviews were conducted and interpreted as proposed by Thompson, Locander and Pollio (1989 – 2015). The phases of reaction to loss were evident in the experience lived by the interviewees, contributing to the understanding how losses of symbolic possessions resemble the death of the identity also affect the self and its extent. Kubler-Ross s (2000) approach sought to fill the theoretical gap identified by Black (2011) and Smyczeck and Glowick (2011) regarding the effects of loss on consumer behavior.