New research in the Personality and Social Psychology Bulletin suggests that individuals who flaunt expensive experiences, such as luxury vacations or exclusive concert tickets, reap distinct social benefits compared to those who show off material possessions. While both types of conspicuous consumption effectively signal that a person has high status and wealth, displaying experiences also leads observers to perceive the spender as warmer and more relatable.
They also found that sharing luxury travel experiences appeared to offer job benefits as well:
The data revealed that people who posted conspicuous experiences were viewed as qualified for both types of roles. They appeared competent enough for the high-status jobs and kind enough for the communal jobs. In contrast, those who posted material goods were seen as suitable for the high-status roles but poor fits for the communal ones. This supports the idea that experiential displays provide a broader social advantage, allowing the consumer to signal status without sacrificing their image as a likable person.