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According to a survey by a British coupon site, 14% of people have
bought something just because it was considered a status symbol . . (That number HAS to be low :-) and one in four of them went at least $7,500 into debt to get it.
The top 10 things people consider to be status symbols:
#1.) A house worth at least $875,000.
#2.) A 50-inch TV . . . or larger.
#3.) An iPad.
#4.) A $100,000 salary . . . and a husband or wife who earns that much too.
#5.) A second home . . . and $22,000 in savings.
#6.) Being able to send your kids to private school.
#7.) A nanny . . . gardener . . . cleaning person . . . dog walker . . . or personal trainer.
#8.) A sports car like a Ferrari, Mercedes or Porsche . . . and also a convertible.
#9.) Knowledge of fine wines.
#10.) Personalized license plates.
(The full list of 40 items includes brand names like Rolex watches, Prada handbags, Christian Louboutin shoes, and Louis Vuitton luggage at Dailymail.co.uk.)