I don’t know a lot of folks paying cash for their homes or cars and luxury cars, at the very least, are still considered status symbols.Appreciate the input but to me anything you can buy on credit or a financing plan is not a status symbol at all. Besides the fact how hollow and superficial and how yesterday the thinking is in the first place![]()
As for phones, as previously mentioned it’s silly to see phones as status symbols in the US and other developed nations where income is higher and it’s easy to get phones on installment.
Other countries, you need to pay cash and $1000+ may be the equivalent of 6 months to 1 year income for majority of the population so high end phones are still considered status symbols in those regions. Hollow and superficial but it is what it is.