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.