Final answer:
Thorstein Veblen coined the term conspicuous consumption to describe people or groups who will suffer in the event of social change.
Step-by-step explanation:
Thorstein Veblen coined the term conspicuous consumption to describe people or groups who will suffer in the event of social change. Veblen used this term to refer to individuals who engage in extravagant and wasteful spending to visibly display their wealth and social status. These individuals may experience negative consequences when social norms or values shift, as their behavior and excessive consumption may be seen as unnecessary or even detrimental to society.