Watch the video - The Overspent American: Why We Want What We Do Not Need (https://www.youtube.com/watch?v=YdaQnGgWoPg)

and answer:

Discuss the idea of conspicuous consumption: Is it irrational or not?

According to Juliet Schor in The Overspent American, Americans are practitioners of conspicuous consumption. They go broke trying to keep up with people at the top of the income ladder and deny the amount of credit-card debt they have, even to themselves.