What are the results of Maya's conspicuous consumption? Check all that apply.
X a lack of debt
→ stress about paying bills
Scenario:
Maya is obsessed with electronics. She has the latest
phone with all the best features. She uses the phone to get
the weather, listen to music, and take pictures. When a
new version of the phone comes out, she is always first in
line to buy the upgrade and all the accessories to go with
it. To pay for all these new gadgets, Maya uses her credit
card. She has a low-paying job, so making her credit card
payments can get tricky. She has to cut back on her
expenses for necessities because of her spending.
✓ a lack of money for other expenses
x access to a better job and nicer friends
✓ great electronic connectivity