conspicuous consumption
[kən-ˈspi-kyə-wəs kən-ˈsəm(p)-shən]
noun
consumo ostensivo
1. The practice of buying and displaying expensive goods to demonstrate wealth and social status rather than for practical use or genuine need
The billionaire's conspicuous consumption of luxury yachts and private jets impressed few critics.
O consumo ostensivo de iates de luxo e jatos particulares do bilionário impressionou poucos críticos.
2. An economic behavior where individuals spend money on visible, high-status products as a way to signal their wealth and position in society
Designer handbags and expensive watches are classic examples of conspicuous consumption.
Bolsas de grife e relógios caros são exemplos clássicos de consumo ostensivo.
This term originated from economist Thorstein Veblen's 1899 theory about wealthy leisure classes. In both American and Brazilian contexts, conspicuous consumption reflects societal values around wealth display, social mobility, and status anxiety. In Brazil, this is particularly evident in favela culture where luxury goods become status markers, while in the USA it remains central to discussions about materialism and inequality. The concept has gained renewed attention with social media influencers and luxury brand marketing.
NYC Slang
flex spending; flexing
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