noun
conspicuous consumption
A sociological term coined by Thorstein Veblen, referring to spending on luxury goods and services to publicly display economic power and social status.
高級車を買うのは顕示的消費の一例だ。
Buying a luxury car is an example of conspicuous consumption.
彼のブランド品へのこだわり
His obsession with brand-name goods can truly be called conspicuous consumption.