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Conspicuous consumption is a term used to describe the lavish spending on goods and services that are acquired mainly for the purpose of displaying income or wealth. In the mind of a consumer, such display serves as a means of or social status. A very similar but more term is "keeping up with the Joneses".
Invidious , a corollary, is the term applied to consumption of goods and services for the purpose of inspiring envy in others.
These terms are not used for disorders such as binge eating and spending.
Read more in the Wikipedia entry for Conspicuous consumption
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