Status symbols continually change.
For some Millennials the ultimate is selling the first startup for billions and launching a so-far successful second one.
Today, a neighbor in Tucson, Arizona recounted her youth back in Queens, NY. Newly married, she and her husband cried uncle and ponied up the money for an exterminator. At the time no one else in the six-family admitted to having cock- roaches.
After the couple finally talked the landlord into picking up the bill for the monthly spray, all the other five units got on the list for the exterminator.
In Connecticut, where I had lived for a fourth of a century before relocating to Tucson, the status symbol was the square footage of the McMansion and its proximity to Long Island Sound. Better yet if all that was in a gated community.
Here in Tucson, one status symbol is the ability to get away to somewhere else in the summer. Days of 110-degree heat are not unusual.