> More profoundly, investment in education, healthcare and retirement has a notable impact on consumers’ quality of life, and also on the future life chances of the next generation. Today’s inconspicuous consumption is a far more pernicious form of status spending than the conspicuous consumption of Veblen’s time.
Spending money on education, healthcare, and retirement is pernicious? Self-perpetuating, perhaps, but pernicious, really?
Spending money on education, healthcare, and retirement is pernicious? Self-perpetuating, perhaps, but pernicious, really?