How does conspicuous consumption relate to social identity and consumerism in the context of social mobility?

Conspicuous consumption is when people buy expensive things to show off their wealth or status. This behavior is closely tied to social identity because the things we own often reflect who we are and how we want others to see us. For example, someone might buy a luxury car not just for its quality, but to signal that they have achieved a certain social status. In the context of social mobility, people may engage in conspicuous consumption as a way to climb the social ladder, hoping that by showcasing their wealth, they will be accepted into a higher social class. However, this can sometimes lead to a cycle of consumerism where individuals feel pressured to keep buying more to maintain their image.