There will always be status symbols. Today it is mobility: the ability to fluidly travel around the globe unhindered by expense or convenience. If it is not travel, it is money and income. Or homes and boats. If it is not homes and boats, it is wives and goats. No matter the culture, or the time period, always something. Remove one symbol and it will be replaced with another.
As long as man kind is filled with pride, status will be symbol held over the heads of the have nots, to be idolized and lusted over. As long as man kind is filled with envy, the status of the of haves will be coveted and worshiped. It is the fate of man.