August, 2008 - PowerCram Blog

I Got Bling Bling, You Got Bling Bling, We All Got Bling Bling

Inconspicuous ConsumptionA new theory of the leisure class MISSED SIGNALS: The less money your peer group has, the more bling you buy—and vice-versa. (Photo credit: Frazer Harrison/Getty Images) About seven years ago, University of Chicago economists Kerwin Kofi Charles and Erik Hurst were researching the “wealth gap” between black and white Americans when they noticed something striking. African […]