Conspicuous consumption (purchase of expensive goods and services in order to
visibly demonstrate buying power) is a frequent and widely spread type of
consumer behavior. Besides its economic dimension, conspicuous consumption
certainly also has its - for now under studied - psychological dimension. So
far, it has been reported that positive attitude towards conspicuous
consumption is associated with conformity, high esteem of authority, social
anxiety, Machiavellism, and ruthless self-advancement. In this study, using a
sample of 272 high school students (aged 16-18) we studied predictive
relationship between narcissism and materialism, and the attitude towards
conspicuous consumption. The data indicated that materialism was a
significant predictor of the attitude towards conspicuous consumption, quite
in line with some previous research. In spite of a significant correlation
between narcissism and materialism, narcissism was not a significant
predictor of the attitude towards conspicuous consumption. Thus, this study
has widened nomological network of the attitude towards conspicuous
consumption and clearly delineated two seemingly similar psychological
constructs: materialism and the attitude towards conspicuous consumption.