conspicuous consumption

Popular Terms
Extravagant and ostentatious expenditure. Conspicuous consumption is meant not to satisfy any physical need, but rather to gratify the psychological craving for status or the esteem of others. The term was first used by the US sociologist and economist Thorstein Bunde Veblen (1857-1929) in his 1899 book 'The Theory Of The Leisure Class.'

Use 'conspicuous consumption' in a Sentence

I admit that I spend a large amount of money on shoestrings for shoes I don't even own and will never buy, and I agree that nobody needs shoestring made out of gold or covered in diamonds, but it makes me feel good and my conspicuous consumption is my own affair and since I have money to burn, I shall do as I please.
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Sometimes someone in your company may be having a problem with conspicuous consumption and you will need to ask them to stop.
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I noticed that my father fell under the conspicuous consumption spell because he started trying to show off all his money and assets to the world.
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