symbol
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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.
status symbol
A position or activity that allows one's social prestige to be displayed, as in She doesn't even drive; that car of hers is purely a status symbol. [Mid-1900s]