The Psychology of Luxury: Why Old Money Brands Like Ralph Lauren Endure
Let's examine the psychological aspects of Ralph Lauren and old money style as we draw to a close and discover what makes them so appealing. Why, at a time of rapid culture and perpetual change, do consumers still find the old money image appealing? compilation of vintage Ralph Lauren print advertisements demonstrating the brand's enduring style and aspirational images (Kate, 2018) The Power of Aspiration Branding The aspirational branding of Ralph Lauren is at the core of its popularity. Dr. Jennifer Adams, a consumer psychologist, says, "Luxury brands like Ralph Lauren sell a personality and a lifestyle, not just items. "A narrative of success and sophistication is being bought into by consumers" (Adams, 2023). Principal Psychological Factors The old money aesthetic makes use of various psychological elements, including: 1. Status Signalling: Expressing cultural capital and social standing 2. Quality Assurance: Acknowledging the benefits of making fewer, ...