Veblen called this “conspicuous consumption-the desire to demonstrate one’s prestige and status based on one’s material acquisitions”. By the consumer trying to keep up with the Jones this leads to needless spending on items and services that the consumer doesn’t really need. This covers all aspects of the general public’s life they are told what to drive, what to wear, what to eat, and where to live. With all these ideas being forced down the consumer’s throat it makes it hard for some consumers to remain true to their self and live within their means. This can result in bankruptcies, maxed credit cards, poor credit, and overdue bills. This all adds onto the stress level of the American public’s already crazy, always on the go life. It’s ok to buy the things we want if we can do it while living within our means. If the consumer has to start maxing their credit cards and going in bankruptcy to obtain these items then we are
Veblen called this “conspicuous consumption-the desire to demonstrate one’s prestige and status based on one’s material acquisitions”. By the consumer trying to keep up with the Jones this leads to needless spending on items and services that the consumer doesn’t really need. This covers all aspects of the general public’s life they are told what to drive, what to wear, what to eat, and where to live. With all these ideas being forced down the consumer’s throat it makes it hard for some consumers to remain true to their self and live within their means. This can result in bankruptcies, maxed credit cards, poor credit, and overdue bills. This all adds onto the stress level of the American public’s already crazy, always on the go life. It’s ok to buy the things we want if we can do it while living within our means. If the consumer has to start maxing their credit cards and going in bankruptcy to obtain these items then we are