OTOH - its a device that you use for hours and hours a day, for entertainment, organization, communication, and a camera. Having a "better" one is a decent investment if it helps all those areas.
"American society" is the environment in which status symbols dictate the character of interactions. Wealthier people tend to value actions or experiences over objects (Do you recycle? Did you go to a "good" school?), and judge based on that, but that's not an absolute rule.
But, we're getting to the point where newer phones really aren't any better than older ones.
And the shaming part, I literally don't care what other people think about me in terms of these things. I dress with dignity, have good hygiene, etc so there's nothing guilting me about their expectations.
Then you need to change your friends.
I love my SE. I really don't want a phone any bigger than the SE.
It’s ok, but still a bit bigger than I’d like. Several apps are now usable again, such as the DB (German railways) app, which I became really dependent on after selling my car.
I can’t stomach the thought of spending 500 EUR on a phone, much less 1100. I’ve gotten cheap as I enter middle age.