Status Symbol

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High Quality Content by WIKIPEDIA articles! 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. What is considered a status symbol will differ between countries and states, based on the states of their economic and technological development, and common status symbols will change over time. For example, before the invention of the printing press, having a large collection of books would be considered a status symbol. After the advent of the printing press, having books was more common among the average citizen, and the possession of books was less of a status symbol.