Luxury items are items that one does not necessarily require, but these items are imperative in a given culture or society. The luxury goods are sometimes referred as positional goods since they act as indicators that the one who possess them have achieved a certain status in the society.
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The desire to be recognized in a certain social group also presents a reason people are motivated to buy luxurious goods. While luxurious goods are of immense value to many, people should be educated on the negative impacts of overspending on these goods.
Barbra. “Six Reasons Why Chinese Buy Luxury Goods.” 16 January 2015: 1-5.
Bhalla, Nandini. “The Urge and the Need.” 1 September 2013: 1-2.