I'm in my 40's and the number of my friends who've done exactly that. We have the friends who spend their disposable on status and the friends who spend their disposable on Holidays (I'm vaca-class).
I think you actually mean - you have friends who derive status by spending their disposal income on cars, and friends who derive status by spending their disposable income on exotic holidays!
(I'm posting this from an exotic holiday in the Indian Ocean, my cousin lives in Essex and has a hire-purchase SUV.)
(I'm posting this from an exotic holiday in the Indian Ocean, my cousin lives in Essex and has a hire-purchase SUV.)