7 Items That Are Just Status Symbols

“A lot rationalize or justify that it will help with their business. It’s sort of required in order to maintain a certain status level within their social circle, along with driving the right kind of car and sending your kid to the right kind of school,” added Dannell Stuart, a partner and the director of business development at Mission Wealth, a wealth management company based in Santa Barbara, Calif.

In addition, an exclusive gym membership is also a status symbol, and unfortunately, people tend to go to these gyms not only for a workout, but also to show people on Instagram that they have more money than them.