Cell phones are more or less necessary in this world, while even for the rich owning a yacht is a status symbol. Most people who buy them hardly use them, and usually it would be less of a hassle, and less cost, to just rent or borrow one. I also don't know how owning a yacht could possibly be seen as "low status" unless you're richer than Croesus: it's a sign to the world that you have so much money you can spend a great amount of it on something frivolous.
It's too reductionistic, but that also doesn't mean what Alive wrote is necessarily without any truth. Would you say a multi-millionaire LII is just as likely to buy a yacht or something as, say, an SEE?I dont know any ILEs, you can be right. LIIs don't like to show off, but I don't think it makes them blind to status. Due to having relations with people with different economic background, I noticed that I prefer to fit in status wise, in other words, I don't want to be pointed out or point out someone's status even if it is high. When people say things to other people like you are rich, you can buy xyz without thinking right etc, that makes me cringe. I can see that other person does not know what to do, because it is their normal. It feels like a form of exclusion. Ofcourse reverse scenario would be more terrifying, luckily that rarely happens.
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