Ostentatious: adj. displaying wealth extremely and inefficiently trying to impress
Conspicuous consumption is an example of ostentatiousness but great ostentatiousness is a wedding costing millions of dollars or having more than twenty luxurious residences all over the world.
Ostentatious humans spend money extravagantly and foolishly trying to impress others and it is a habit which lands most in financial bankruptcy sooner or later.
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