status symbol

status symbol (plural status symbols)

1. A visible possession that is a sign of one's social status or personal wealth.
   • "Kate Spade, Whose Handbags Carried Women Into Adulthood, Is Dead at 55" by Jonah Engel Bromwich, Vanessa Friedman and Matthew Schneier, The New York Times (2018)

     Her name became a shorthand for the cute, clever bags that were an instant hit with cosmopolitan women in the early stages of their careers and, later, young girls — status symbols of a more attainable, all-American sort than a Fendi clutch or Chanel bag.