Status symbol

A status symbol is a perceived visible, external denotation of one's social position and perceived indicator of economic or social status. Many luxury goods are often considered status symbols. Status symbol is also a sociological term – as part of social and sociological symbolic interactionism – relating to how individuals and groups interact and interpret various cultural symbols.

As people aspire to high status, they often seek also its symbols. As with other symbols, status symbols may change in value or meaning over time, and will differ among countries and cultural regions, based on their economy and technology.

For example, before the invention of the printing press, possession of a large collection of laboriously hand-copied books was a symbol of wealth and scholarship. In later centuries, books (and literacy) became more common, so a private library became less-rarefied as a status symbol, though a sizable collection still commands respect.

In some past cultures of East Asia, pearls and jade were major status symbols, reserved exclusively for royalty. Similar legal exclusions applied to the toga and its variants in ancient Rome, and to cotton in the Aztec Empire. Special colors, such as imperial yellow (in China) or royal purple (in ancient Rome) were reserved for royalty, with severe penalties for unauthorized display. Another common status symbol of the European medieval past was heraldry, a display of one's family name and history.

Status symbols also indicate the cultural values of a society or a subculture. For example, in a commercial society, having money or wealth and things that can be bought by wealth, such as cars, houses, or fine clothing, are considered status symbols. In a society that values honor or bravery, a battle scar would be more of a status symbol. Among intellectuals being able to think in an intelligent and educated way is an important status symbol regardless of material possessions. In academic circles, a long list of publications and a securely tenured position at a prestigious university or research institute are a mark of high status. It has been speculated that the earliest foods to be domesticated were luxury feast foods used to cement one's place as a "rich person".

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