Status Symbols

Dave's was a Jaguar. He has a story about it starting on page 87. My take on that is why own an expensive thing you do not need if you cannot afford it?

From doing people's people's tax returns, I've seen the harm that status symbols can cause. People live in houses that they cannot afford, take vacations, wear clothes and play with stuff - all on borrowed money. Since, I do not have these things, I have hard time relating but I know that this is a real problem for many people.