Status Symbol

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Dictionary Says

Definition of 'Status Symbol'

A status symbol is an object which is meant to signify its owners' high social and economic standing. Although which things act as status symbols changes over time, they are always linked to the primary differences between the upper and lower classes within the society. In capitalist societies, status symbols are most often tied to monetary wealth.
Investopedia Says

Investopedia explains 'Status Symbol'

Expensive goods like luxury vehicles and large houses are mostly out of reach for lower economic classes, so these items serve as status symbols indicating that their owners are able to afford their extremely high prices. Since much of the utility derived from status symbols comes from their high price, an increased price for a status symbol may actually increase its demand, rather than diminish it. A product which exhibits this phenomenon is known as a Veblen good.
Search results for

'Status Symbol'

  • Luxury For Everyone

    http://stocks.investopedia.com/stock-analysis/2011/Luxury-For-Everyone-XLYS-COH-MOV-SAM-ANF0218.aspx
    ... and Baltimore. These products still purvey the status symbol image, but
    often come in at a cheaper price point. Jeweler Tiffany's ...

  • 9 Brands Resurrected Into Household Names - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0411/Brand-Resurrections.aspx
    ... smaller cars for their fuel economy, and with a name like BMW attached to it, the
    Mini has not only enjoyed success - it's now also considered a status symbol! ...

  • 5 Things People Buy Because Of Peer Pressure - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/1111/5-Things-People-Buy-Because-Of-Peer-Pressure.aspx
    ... This is certainly not only limited to young people. For most teenagers and young
    adults, simply owning a car might be enough of a status symbol. ...

  • Car Shopping: New Or Used?

    http://www.investopedia.com/articles/pf/07/neworusedcar.asp
    ... In our consumer culture, a new car is an undeniable status symbol that lets
    everyone know you have arrived (often literally). Cosmetics ...

  • 6 Ways To Ruin Your Retirement Slideshow | Investopedia

    http://www.investopedia.com/slide-show/6-ways-to-ruin-retirement
    ... 3. Retiring Too Early. Early retirement has become something of a status symbol
    among the upper-middle class. However, early retirement ...

  • Millionaire Credit Cards: What's In Their Wallets? - Investopedia. ...

    http://financialedge.investopedia.com/financial-edge/0611/Millionaire-Credit-Cards-Whats-In-Their-Wallets.aspx
    ... These elite cards are marketed as a status symbol, offering prestige as
    well as exceptional perks and personalized services. Sky ...

  • 6 Ways To Ruin Your Retirement Slideshow | Investopedia

    http://www.investopedia.com/slide-show/6-ways-to-ruin-retirement/too-little-risk.aspx
    ... 3. Retiring Too Early. Early retirement has become something of a status symbol
    among the upper-middle class. However, early retirement ...

  • 6 Ways To Ruin Your Retirement Slideshow | Investopedia

    http://www.investopedia.com/slide-show/6-ways-to-ruin-retirement/retiring-too-early.aspx
    ... 3. Retiring Too Early. Early retirement has become something of a status symbol
    among the upper-middle class. However, early retirement ...

  • 6 Ways To Ruin Your Retirement Slideshow | Investopedia

    http://www.investopedia.com/slide-show/6-ways-to-ruin-retirement/long-term-planning.aspx
    ... 3. Retiring Too Early. Early retirement has become something of a status symbol
    among the upper-middle class. However, early retirement ...

  • 6 Ways To Ruin Your Retirement Slideshow | Investopedia

    http://www.investopedia.com/slide-show/6-ways-to-ruin-retirement/too-much-risk.aspx
    ... 3. Retiring Too Early. Early retirement has become something of a status symbol
    among the upper-middle class. However, early retirement ...

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