Status symbols are items or traits that signify a person's social or economic standing within a community. These can include luxury goods like designer handbags, expensive cars, or even exclusive memberships to clubs. People often use these symbols to communicate their success or wealth to others. In addition to material possessions, status symbols can also encompass lifestyle choices, such as attending elite events or living in prestigious neighborhoods. These symbols can vary by culture and change over time, reflecting societal values and trends. Ultimately, they serve as a way for individuals to express their identity and aspirations.