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Conspicuous consumption

noun

Definitions

Noun
  1. 1
    A public display of acquisition of possessions with the intention of gaining social prestige; excessive consumerism in order to flaunt one's purchasing power. uncountable

    "Conspicuous consumption of valuable goods is a means of reputability to the gentleman of leisure."

  2. 2
    buying expensive services and products in order to flaunt your wealth wordnet

Etymology

Coined by American economist and sociologist Thorstein Veblen in 1899.

See also for "conspicuous consumption"

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