2 ms·

I don't see much analysis, just an assumption that educating yourself through college or reading magazines is an act of "signalling" your wealth. If you have th

I don't see much analysis, just an assumption that educating yourself through college or reading magazines is an act of "signalling" your wealth. If you have the means to afford these things I think it's rather silly to assume you're doing so to demonstrate how much money you have... There isn't much substance here.

pm90 9y ago
I think there is sufficient analysis for a "news" article. Its not a scientific publication. And the crux seems to be this quote: > The US Consumer Expenditure Survey data reveals that, since 2007, the country’s top 1% (people earning upwards of $300,000 per year) are spending significantly less on material goods, while middle-income groups (earning approximately $70,000 per year) are spending the same, and their trend is upward.