This effect existed way before modern advertising, right? Kids have always formed status hierarchies based on the wealth of their parents, which could be signa

This effect existed way before modern advertising, right? Kids have always formed status hierarchies based on the wealth of their parents, which could be signaled with clothes, transportation, and basic stuff like that. I guess it might be important that this is more intrusive (because kids get less respite from it when they go home), but it's not clear to me that's crucially different. I remember spending a lot of time at home worrying about whether I'd have the right clothes to wear to school the next day.