Defines the gap between regular economics and the actualy economics of society. The coutries finacial definitions are defined by the governments assumption on what the "AVERAGE" family does, however bling economics describes the fact that the modern families want more than the average family.
For instance the average family according to the govt shops for nescafe and the mordern person want starbucks.
THEREFORE, pricing things according to the govts rate of inflation as oposed to bling economics rate of inflation leads many of the population taking pay cuts.
Govt: The current rate of inflation is 2.5%
bling economics: The rate of inflation for consumerist economy is 10%