Yup, those status symbols are for poor and upper middle class people.
- poor - a few nice things makes you appreciate them a lot
- upper middle class - no need to save money on such things, so you get "the best" or whatever
- rich - you get bespoke stuff, "designer" stuff is for plebs
- middle class - "a few nice things" isn't as good as "lots of pretty good things" and a funded retirement
Source:
- poor - my in-laws
- upper middle class - DINKs I work with, wealthy neighbors
- rich - movies
- middle class - me