What is the meaning of a person who wastes money on luxury?

A person who wastes money on luxury often prioritizes material possessions and status over financial stability or practicality. This behavior may stem from a desire for social validation, a need for self-indulgence, or a lack of awareness about the value of money. Such spending can lead to financial strain and may reflect deeper issues related to self-esteem or identity. Ultimately, it highlights a complex relationship with wealth and consumption.