The strong demand for luxury goods and services in the U.S. during the past two to three years has largely come to an end as conspicuous consumption seems to be out of favor with affluent households, ...

From Lauren Sánchez to the gold-plated Oval Office to "Mar-a-Lago face," America's elite are embracing louder, flashier displays of wealth.

Explore consumerism's role in driving economic growth, its benefits, drawbacks, and impact on society, economy, and the environment.

Add Yahoo as a preferred source to see more of our stories on Google. A review of The Sum of Small Things by Elizabeth Currid-Halkett In the late 19th century, the economist Thorstein Veblen famously ...

The displays of wealth and power at the recent weddings of billionaires, like Bezos-Sánchez's nuptials, are a callback to the Gilded Age.

Buckle up, everyone; this post is going to be a long one. Today, I wanted to discuss the matter of conspicuous consumption: the art of spending relatively large sums of money on luxury goods. When you ...

When George W. Bush took office in January 2001, the economy was producing roughly $10 trillion worth of output annually. This year, it looks like production will be in the neighborhood of $13.5 ...