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The rich are spending less.

The wealthy are spending less money on luxury, and it might signal another recession. From penthouses to classic cars, here’s what’s just ...

The wealthy are saving more and spending less in various luxury markets, which could be a recession red flag, reported CNBC.
Status symbols vary worldwide.

7 surprising ways the elite are showing off their wealth around the world

Status symbols are shaped by cultural and economic contexts. From the UK to the United Arab Emirates, status symbols range from nannies to falcons.

Tech execs in $400 sneakers and Instagram influencers in $6,000 Louis Vuitton windbreakers: 5 ways wealthy millennials are turning to ‘uniforms&...

You can spot a rich millennial by what they're wearing — their outfits, all rooted in different forms of casual, act as a power and status symbol.
Millennial parents are using their kids as status symbols.

8 ways millennial parents are using their kids as status symbols

Wealthy millennials buy their children pricey accessories, invest in high-end childcare and education, and give them unique names.
Chelsea Fagan of The Financial Diet.

Wealthy people waste money on a certain type of purchase more than anyone else, says the founder of a popular personal-finance website

There's a difference between spending money to enrich your life and aspiring to live a different life, said The Financial Diet's Chelsea Fagan.
Critics and readers have been raving about Sally Rooney's second novel, "Normal People."

I read the book everyone’s talking about by the 28-year-old novelist being hailed ‘the first great millennial author,’ and I totally...

In her sophomore novel, "Normal People," Sally Rooney explores the complexities of millennial romance and young adulthood in a subtle, genuine way.

There’s a key difference between wealth and status, and it comes down to who you’re showing your money off for

Wealth and status aren't the same because they have different levels of visibility — one is private, while the other is public.
People will pay up to $14,500 for the subtlety of a Bottega Veneta bag.

There’s a direct link between the cost of a luxury-goods product and the size of its logo, but it’s not what you expect

Rich people will shell out premium prices for products without logos because they carry subtle signals of wealth that can't be imitated by outsiders.
Because of their afunctionality, fixed-gear bikes are status symbols.

Rich people keep buying things that aren’t actually functional to show off their wealth

Opportunity costs, time, and afunctionality are a few of the things creating and maintaining status symbols, according to author Jonah Berger.
Status symbols can see a downfall if too many outsiders start adopting them.

The evolution of brands like Michael Kors and Abercrombie & Fitch explains the downfall of some status symbols, according to a Wharton professor

People will stop flaunting a status symbol when outsiders give it new meaning, according to Wharton professor Jonah Berger.