In Response to Ethan

Do you think conspicuous consumption will become worse as time goes on? Or have we reached the peak?

There is no doubt that conspicuous consumption will become worse over time. Social status is important to such a great number of people and buying name brand things is just part of life. Being seen with a certain logo or brand name makes people feel better about themselves. Why wear a nameless product when you can wear a popular brand? Price does not seem that important to many of the consumers either. Like the video said, people are not just keeping up with the Jones' anymore; they are trying to one up the Jones’. That often means buying really expensive things. These spending habits are making more and more people sink into deep debt. How will these consumers who are in debt ever be able to get out of it if they keep up these spending habits?