If it is a status symbol, it really ain't working for me. I must be doing something wrong.

It depends where. In Spain people use it for that because iPhones are incredibly expensive here compared to the standard of living. What doesn't help is that the SE/e models are also way more expensive than in the US.

As a result it's mainly rich people and tourists that own them. Most people use budget android phones, the kind that still come with 3,5mm jacks. You still see wired earphones a lot.