Definition, Meaning & Synonyms

conspicuous consumption

noun

/kənˌspɪk.ju.əs kənˈsʌmp.ʃən/

Definition

The practice of spending money on and acquiring luxury goods and services to publicly display wealth rather than to cover basic needs.

Examples

Many people engage in conspicuous consumption by buying expensive cars and designer clothing.
The rise of social media has amplified conspicuous consumption, as individuals showcase their luxurious lifestyles online.

Meaning

Conspicuous consumption refers to the act of purchasing expensive items to showcase one’s economic power and social status. This term is often used to describe behavior where individuals buy goods not only for their utility but for the message they send to others about their wealth and lifestyle.