as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
system
name at least 3 reasons why people buy luxury items.
user
people buy luxury items for the status symbol it conveys, for the quality and craftsmanship it offers, and for the exclusivity and rarity of the item. they also buy luxury items for the prestige associated with them, for the enjoyment of owning something special, and for the experience it can offer. other reasons may include as a sign of self-worth, to reward themselves, or to express their personality.
assistant