Movies

BBC: The super rich-2

NJChoi 2025. 11. 21. 20:00

Before we sail off into the sunset Catherine, how about we answer today's question. 

I said that Vietnam is the country in which the percentage of super rich is expected to grow fastest over the next 10 years. 

Well, I'm very pleased to say that you were right. It was in fact Vietnam- according to the same report by Knight Frank- the population of ultra wealthy is expected to grow by a staggering 170% in the next decade. 

Now, how about we have another look at the wealth of vocabulary in this programme?

Very good. We started with assets- here it means 'things we can buy or sell'. What are your assets?

Oh, you know, my diamond rings, my bike, my laptop. I'm not like you though, Neil. I don't live in an expensive mansion- that would be a real status symbol!

If only that were true, but it's good example. A status symbol is a possession that shows off our wealth and our place in society. 

Yes, and we had the phrase to make business sense- in other words to be good for business. We could also say that a particular policy makes economic sense. 

Or I could say investing wisely makes financial sense. Not like yachts which are expensive to buy and run. In fact, they're a black hole for our money. 

Now, did you know our next phrase, pecking order, actually comes from chicken behaviour?

And finally, the phrase conspicuous consumption. For example, you could say that dining at the finest restaurants wearing expensive clothes is conspicuous consumption. 

And to clear up two similar phrases: a status symbol refers to the object itself, like a luxury car, whereas conspicuous consumption refers to the act of spending money on things like expensive cars but you're spending money so that other people notice.

 

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