Yuppies - Young Urban Professionals. Yuppie was an acronym 
for 'Young Upwardly Mobile Professional Person'. The word 
was coined by the advertising industry to capture the 
essence of a particular type of work hard, play hard, 
ambitious minded city career person of either sex. The 
hectic lifestyle of a yuppie meant that after long hours of 
work, rare free time was spent in a self indulgent way 
frittering away the cash earned on anything, from expensive 
make up and perfume, to a bottle of fine champagne. 
Conspicuous wastage was part of the attitude.