"extravagant consumption" is correct and usable in written English.
You can use it when describing generally excessive or overly indulgent expenditure, such as for luxury items or non-necessities. For example: "The extravagant consumption associated with Hollywood celebrities often gives an unrealistic impression of what a typical lifestyle looks like."
Austerity measures that include bans on extravagant consumption have also made keeping a mistress more hazardous to officials' careers.
But here, given Wagner's obvious affection for the Trotter clan, the microscopic attention to the obscene details of their extravagant consumption and glittering acquaintances seems counterproductive.
In his classic Fable of the Bees: or Private Vices, Public Benefits (1723), Bernard Mandeville, the Dutch-born British philosopher and satirist, described – in verse – a prosperous society (of bees) that suddenly chose to make a virtue of austerity, dropping all excess expenditure and extravagant consumption.
"That money is meant to be for electricity, water and gas — even if it covers that — but as far as I can tell, we are going to have to add money to that amount to meet the costs," Ms. Shakiba said, adding that the higher prices would encourage Iranians to curb their often extravagant consumption of energy and water resources.
The explosion of wealth touched off by technology and by an almost one-way stock market has produced a wave of extravagant consumption.
However, many scholars argue that in the contemporary period, especially after 1978, Chinese have become more engaged in conspicuous consumption and extravagant expenditure (Chen 2003; Wang 2005).
It has become increasingly difficult to read a newspaper or magazine without encountering the details of extravagant, conspicuous consumption, usually on the part of new millionaires, or billionaires, usually under 30.
This resonates with Thorstein Veblen's idea that conspicuous consumption and extravagant status symbols can signal wealth.
Actually, he stated, they predicted it in advance even as the financial markets and ordinary citizens celebrated the boom with extravagant purchases and unrestrained consumption.
Reformed shopaholics who once boasted of their extravagant "hauls" now preach conscious consumption inYouTube videos known as "haulternatives".
CARBON consumption could hardly be more conspicuous, or extravagant, than jetting out to space for a quick peep at the heavens before coming home in time for tea a form of tourism being pioneered by Sir Richard Branson, the British entrepreneur behind the Virgin brand.
