No but that's not why I think it's naff. Even if I had a phd I wouldn't stuff it down people's throat.
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There's a minority of people who slate people who drive expensive cars (Ferrari's etc), calling them ******* and show off's etc. The people who do this are the sort that don't own said cars and never will.
Anyone that has spent a decade going through GCSE's, A-Levels, Degree's, Master's and a Doctorate, have earnt the right to flaunt it to all and sundry.
There is a difference there. If you drive a nice car then that's good for you/them. It's a sign of success and good taste. But if you stuff the fact you drive a Ferrari down someone's throat then you will come across like a bell end. For most people buying a nice car is above a sign of success etc but for a small minority it's an ego thing. They will bring it up or constantly bang on about it. A lot of my family have these degrees but even they dont do the titles thing. If you have to tell someone you are clever your probably not.
I don't doubt these degrees are hard work etc etc but it is in no way a sign of how intelligent a person is.