“…As education, besides, conferring status through recognizable professional titles and degree certificates, also increases consumer resistance to media exemplars (Charles et al, 2009;Moav and Neeman, 2012;Gupta and Jaiswal, 2015), it can potentially reduce urge among BoP households to consume conspicuously for status gain. Therefore, policymakers should increase state support for education and work for making education economically rewarding for BoP households (Karnani, 2017;Jagadale et al, 2018). They can also promote and enable financial savings by them because savings confer status and improve subjective well-being of households in high poverty societies (Martin and Hill, 2015).…”