It's actually in some verticals of the American industrial/business sector a bit of a shibboleth I think. There's a certain mentality around "visible conspicuous consumption" that is a signal to those in the upper class that you're a prime candidate for leaning on. You're hungry, will do anything to stay where you are, and can be relied upon to "play ball with the big boys" in part because if you don't, and try to take them down, they know what you did to get there. Someone who doesn't participate in such is something to be wary of. Less purchase for manipulation. Possibly an indication of a lesser degree of skin in the game. An indication of different priors I guess. I've often wondered if there's a similar distrust between the nouveau riche and old money for similar reasons. Wouldn't know myself though. Haven't bumped around in quite those high circles myself.