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I don't mind designer stuff, some is super good, and if you've got the money, go forth and signal, my child. But LV bags seem low status to me, despite their price. Maybe I just see too many on women riding in economy on airplanes? Does anybody else have this association?
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I think it's a mistake to assume affluent or thrifty people are all of a single type. There are affluent people who fly coach and affluent people who buy their own planes. Lots of different situations can make you money and those situations help define the actions they take.