100%. Almost ALL of the "elegant life" is really about chasing status, and people constantly confuse status for happiness. It is not and will not make you happy. To the contrary it will make you feel empty and all you will want is to chase higher status. 

the real things in life are far simpler, and having a solid grounding, a family, doing what you love, and securing your life against the storms of the world will give you more happiness and fulfillment than anything else I know of.

Chasing clout is not only shallow, but all the people who spend their lives chasing it are shallow too. Don't spend your life with them, and don't try to be them.

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