Young people are hyper-focused on status, so I expect it to be a status function. You can show that your parents have a certain amount of disposable income by o

Young people are hyper-focused on status, so I expect it to be a status function. You can show that your parents have a certain amount of disposable income by owning an iphone, just like you can by owning brand clothes and shoes, a brand schoolbag, brand softdrinks and candy bars etc etc.