conspicuous consumptionconspicuous consumption
showy extravagance in buying or using goods or services, meant to impress others with one's wealth, status, etc.
Origin of conspicuous consumptioncoined by T. Veblen in The Theory of the Leisure Class (1899)
The acquisition or display of expensive items to attract attention to one's wealth or to suggest that one is wealthy.
Coined by Thorstein Veblen (1857-1929) in 1899.