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This behavior, known as conspicuous consumption, involves purchasing and displaying goods in order to signal status and wealth to others. It is often driven by social influences and the desire to gain recognition and admiration from peers.

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Q: What is the eagerness to show wealth by the purchase and visible ownership of goods?
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One of the best predictors of future wealth is education level. Studies have shown that individuals with higher levels of education tend to earn more over their lifetime. Additionally, financial discipline and saving habits also play a key role in building wealth over time.


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