Although there is little doubt that equality and consumption are linked, at least four important issues remain unaddressed in the current literature. In essence, the argument goes that consumers at the bottom of the distribution spend a larger proportion of their budget on status-conferring consumption in order to reduce the dissatisfaction they feel with their current level of possessions due to the widening gap between what they have and what others have (Dupor and Liu 2003 Elster 1991 Solnick and Hemenway 1998). The most common explanation for why inequality decreases saving and increases consumption-especially conspicuous consumption-among the least well-off consumers is that these consumers are trying to “keep up with the Joneses” (Christen and Morgan 2005 Drèze and Nunes 2009 Frank 1985a). Despite evidence that low savings and high consumption, especially conspicuous consumption, are most harmful to low-income households (Bagwell and Bernheim 1996 Knell 1999), this pattern has intensified over the past 20 years because of growing income and consumption inequality (Christen and Morgan 2005 Zhu, forthcoming). 24% for those in the highest quintile) and that people at the bottom of the income or material possession distribution spend more on conspicuous and inconspicuous consumption (Bloch, Rao, and Desai 2004 Duesenberry 1949 Dynan, Skinner, and Zeldes 2004 Moav and Neeman 2008). It is well established that poorer households save a smaller fraction of their income than richer households (1% for households in the lowest U.S. Send us feedback.Thorstein Veblen coined the term “conspicuous consumption” to describe the acquisition and display of possessions with the intention of gaining social status ( 1899). These example sentences are selected automatically from various online news sources to reflect current usage of the word 'conspicuous consumption.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. 2022 Inside the Gladneys’ bustling two-story Victorian, televisions and radios are constantly playing (the children prefer to watch disaster footage over sitcoms), while every nook is stuffed with the multicolored pleasures of conspicuous consumption. Charley Lineweaver, Discover Magazine, 28 July 2015 But Westwood spoke out against consumerism and conspicuous consumption, even urging people not to buy her expensive, beautifully made clothes. 2022 The conspicuous consumption of resources and the inadvertent beaming of info-waste into space will end. 2023 The yuppies force all their little girls into velvet and bows, a conspicuous consumption of Victoriana. 2023 At a moment when hobbies too often turn into side hustles, and relaxation into conspicuous consumption, Lafargue’s concerns prompt broader reflection. 2023 Even the frequent flying and conspicuous consumption that have-rightly or wrongly-been a stereotype of the pastime might melt away as the industry strives to remain culturally acceptable in the Anthropocene, Shepherd suggests. 2023 For more than a decade, Future has been a troubadour of toxicity and the artist most responsible for how rappers sound when delivering odes to the conspicuous consumption of codeine, couture and companions. Brian Contrerasstaff Writer, Los Angeles Times, 10 Feb. Recent Examples on the Web But the rise of de-influencing videos may be the most foreboding omen of all: a stark rejection of social media’s typically conspicuous consumption.
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