status symbol

The definition of a status symbol is a possession that is a sign of money, power, or some other mark of social status.

(noun)

A new Porsche is an example of a status symbol.

See status symbol in Webster's New World College Dictionary

a possession, practice, etc. regarded as a mark of social status, esp. high social status

See status symbol in American Heritage Dictionary 4

noun

Something, such as a possession or an activity, by which one's social or economic prestige is measured.

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