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conspicuous consumption

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conspicuous consumption

Selection and purchase of goods for their social value as status symbols rather than for their inherent or practical value. These might include items with an obviously expensive brand-name tag. The term was coined by US economist Thorstein Veblen.
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This is against a backdrop of still rising unemployment, job insecurity and a new spirit in favour of austerity as against conspicuous consumption.
Keep hold of champagne by The Journal (Newcastle, England)
A recession invariably puts conspicuous consumption on hold.
In defense of luxury by Smith, Nina / The Advocate (The national gay & lesbian newsmagazine)
Some of this activity is about family and friends, but there's a lot of conspicuous consumption taking place too.
As the month of Ramadan begins, the Islamic world is a shambles by The Daily Star (Beirut, Lebanon)
 
 
 
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