public enjoyment of possessions that are known to be costly so that one's ability to pay for such things is flaunted.
Origin of conspicuous consumption
used by Thorstein Veblen in The Theory of the Leisure Class (1899)
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019
spending in a lavish or ostentatious way, esp to impress others with one's wealth
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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 New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.