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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 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.
Wealthy millennials buy their children pricey accessories, invest in high-end childcare and education, and give them unique names.
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.
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.
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.
Opportunity costs, time, and afunctionality are a few of the things creating and maintaining status symbols, according to author Jonah Berger.
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.