What does keeping up with the Jones?

What does it mean when someone says keeping up with the Jones?

Keeping up with the Joneses is an idiom in many parts of the English-speaking world referring to the comparison to one’s neighbor as a benchmark for social class or the accumulation of material goods. To fail to “keep up with the Joneses” is perceived as demonstrating socio-economic or cultural inferiority.

What is meant by the phrase keeping up with the Jones and how does this concept impact saving habits?

What is meant by the phrase “Keeping up with the Joneses” and how does this concept impact savings habits? This phrase refers to spending money because other people are spending on the same things, and this concept impacts savings habits because it causes you to have less savings.

Why keeping up with the Joneses is bad?

An obsession with the material world

To keep up with the Joneses means you have to keep up with material things. In doing so, your life becomes about material things or about capturing the perfect images of things. This creates an obsession and all obsessions are unhealthy.

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What’s another word for keeping up with the Joneses?

In this page you can discover 5 synonyms, antonyms, idiomatic expressions, and related words for keep-up-with-the-joneses, like: climb socially, emulate, compete, conform and scramble for position.

What is one danger to keeping up with the Joneses answers?

What is one danger to “Keeping up with the Joneses”? People cannot become obsessed with physical or economic gains . People can hit a plateau or “ceiling” -meaning they do not have funds to keep up.

What does keeping up with the Joneses mean from a financial standpoint?

While “keeping up with the Joneses” — measuring your financial success against that of your peers and letting their spending behavior influence your own — has always weighed heavily on the minds of many, the phenomenon might actually be on the rise. …

How do I stop keeping up with the Jones?

How to Stop Trying to Keep Up with “the Joneses”

  1. Get clear on your own values. It’s important that your money habits line up with your personal values. …
  2. Plan for the things that make you happy. I don’t believe that sticking to a budget means you aren’t allowed to do anything that makes you happy. …
  3. Get better friends.