This has led to a growing trend of individuals spending large amounts of money on luxury goods and services, just to display them to their social media followers. Today, people can easily share their wealth and prosperity with others through platforms like Instagram, Facebook, and Twitter. One major factor in the growth of conspicuous consumption is the rise of social media. In the past, people had fewer ways to display their wealth, but today, there are numerous outlets for individuals to showcase their prosperity. The concept of conspicuous consumption has long been a part of our society and has only grown with time. Designer clothing, on the other hand, is seen as a way to showcase an individual’s fashion sense and taste, as well as their financial resources. Luxury cars, for instance, are not only seen as a means of transportation but also as a symbol of wealth and success. These items are often recognized as symbols of wealth and are used to demonstrate an individual’s status and prosperity to others. Some examples of conspicuous consumption include designer clothing, expensive jewellery, luxury cars, and other high-end consumer goods. This type of spending is often associated with the wealthy and those who have a large income at their disposal. Conspicuous consumption is a form of spending in which individuals purchase luxury goods and services not for their inherent value or usefulness, but rather to publicly showcase their wealth and prosperity.
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