They buy things that convey success. They want you to know just how much stuff they have by showing off their success.
The pseudo-affluent feel insecure about how they compare with the Joneses and the Smiths. They hold on to the belief that all economically successful people display their success through prestige products.
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"Making money is art and working is art and good business is the best art." ~ Andy Warhol
The idea is part of this collection:
Learn more about moneyandinvestments with this collection
The impact of opportunity cost on personal and professional life
Evaluating the benefits and drawbacks of different choices
Understanding the concept of opportunity cost
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While success stories are motivating, they could lead to a false belief that success is more controllable and predictable than it is.
Education often isn’t so much about learning useful job skills, but about people showing off, or “signaling.”
Employees often signal through continuous professional education (CPE) credits so that they can make a case for a promotion.
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