conspicuous-consumption

conspicuous consumption

noun
public enjoyment of possessions that are known to be costly so that one's ability to pay for such things is flaunted.

Origin:
used by Thorstein Veblen in The Theory of the Leisure Class (1899)

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Based on the Random House Dictionary, © Random House, Inc. 2014.
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Collins
World English Dictionary
conspicuous consumption
 
n
spending in a lavish or ostentatious way, esp to impress others with one's wealth

Collins English Dictionary - Complete & Unabridged 10th Edition
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American Heritage
Cultural Dictionary

conspicuous consumption definition


Buying unnecessary and expensive products and services as a way to show off wealth. The term was coined by U.S. economist Thorstein Veblen in The Theory of the Leisure Class.

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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