Status Symbol:
Often the goods that people own, buy & use are not just functional/useful but are seen as reflecting their status in society. Max Weber coined the term status symbol to describe this relationship.
For example, Among the middle class in India today, the brand of cell phone or the model of car that one owns are important indicators of socio-economic status. The classes & status groups are differentiated on the basis of their lifestyles. It includes the way you decorate your home, way you dress, leisure activities, etc.