This is from NYT: http://www.nytimes.com/2008/02/10/opinion/10cox.html?_r=1&th&emc=th&oref=slogin
The poorest 1/5th of US people spend double what they earn. And the richest 1/5th don’t spend nearly as much more on apparel as they do on other things. I remember visiting a friend of a friend in Nashville who was the epitome of conspicuous consumption, and being kinda shocked as she bragged about he $12 sweater from TJ Maxx or some shit. If rich people won’t buy expensive clothes, who does? Besides me, that is.
grrr. they wont let me post their awesome graph, so you have to go to the link to see it. I don’t feel like copying it onto flickr.