THIS is the next wave of STATUS symbols

Hot take Birkins are embarrassing now not because they are but instead of signaling luxury they signal a desperate pursuit of status. They Bought Birkins. Now They Find Them Embarrassing. and there's nothing less cool than trying to be cool. So the bag isn't it anymore what is I'd be willing to bet that the next wave of status symbols isn't actually expensive but they'll represent something that is a lifestyle an experience a you can't fake your way into. Case in point the takeaway gifts from ultra luxury hotel chains. When you stay at places like this they typically send you home with some merch or memorabilia, like a little custom luggage tag or a jewelry box. And if you're a real loyalist maybe even a custom shirt that you can't buy anywhere. Nothing that cost them that much to produce but the item isn't the point the product isn't the flex, it's the receipt. These tchotchkes say I've had this experience and not just money but I have cultural capital I have the knowledge of this space. And if you and me have the same tchotchke maybe it means we're like minded. That's the shift. Our parents generation joined literal clubs, country clubs, social clubs, junior league, but this generation's clubs are less about membership and more about belonging. What does where you spend your money say about you? And that's also why the Birkin has had a fall from because it used to be a, you know and now everybody knows. To learn more about the economy and culture, I'm Vivian your rich BFF and your favorite Wall Street girly and I teach you all the finance stuff you never learned in school. Share this with a friend and follow to get smarter and richer!