Tag: conspicuous consumption
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Splash money around
WotD: Splash money around We can think of money as similar to water. When it is scarce, we value every drop. However, when we have plenty, we feel it is OK to splash it around. When you splash money around, you spend a lot of money buying things that you don’t need and could do…
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Nouveau riche
WotD: Nouveau riche The nouveau riche are easy to spot once you know what to look for. Nouveau riche is French for the new rich and is used for people who have recently become wealthy. These people do not come from money and quite possibly come from lower social classes. For that reason, they tend…
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Conspicuous consumption
WotD: Conspicuous consumption Conspicuous consumption is all around us. Even if you don’t know what it is, you automatically notice it every day. First, to understand the term, you must know what conspicuous means. Conspicuous means that something is easily noticeable. If you were to wear a yellow suit to a funeral in Japan, you would be conspicuous because everyone wears…
