a status symbol

status symbol

Something, especially that which is very expensive and flashy, that someone owns and displays as a means of showing of their wealth or success. In this part of the city, expensive sneakers and designer sweatshirts are the real status symbols. Nothing says "status symbol" like a single person buying a 25,000 square foot mansion all for themselves.
See also: status, symbol

a ˈstatus symbol

an expensive possession which shows people that you are rich: These cars are regarded as status symbols in Britain.
See also: status, symbol
References in periodicals archive ?
A status symbol is something that indicates the social status of its owner.