Ways the Rich Signal Their Wealth

C1 – Advanced

Long time ago, corsets and silver spoons symbolized high social position. In the modern times, more middle-class people can go on fancy vacations and afford luxury bags too. The challenge for the super rich is to look for ways to set them apart in terms of their elite social status.

Read this article to find out how the elites mark their social position.

http://www.bbc.com/capital/story/20170614-the-new-subtle-ways-the-rich-signal-their-wealth

Discussion Questions:

1. According to this article, how are the rich establishing their status now?
2. What are your thoughts on conspicuous and inconspicuous consumption?
3. Why do you think the super rich are spending less on material goods and the middle-income groups are going on the opposite direction?

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