Status symbol

One of the indicators of social class in a society. This refers to the material possessions of an individual that indicates a person's status in society. Status symbols do not have to be associated with wealth. A status symbol is a symbol one’s status in society. Thus the policeman’s uniform or the CEO’s pinstripe suit is status symbol. In the context of marketing many products are frequently bought and displayed as markers of social clause; they are valued as status symbols.