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Americans Spend Less on Clothes, Own More Than Ever

By , the Cut’s financial-advice columnist.  In addition to “My Two Cents,” she writes about work and parenting for the site. Previously, she was the senior features editor at Harper's Bazaar and a senior editor at the Cut. She was also the editorial director for MM.LaFleur. Her work has also been published in Glamour, Art in America, Politico, and other places.
Thanks, Forever 21!
Thanks, Forever 21! Photo: Dimitrios Kambouris/2010 Getty Images

According to a new book by Elizabeth Cline, Overdressed, Americans spend a lower percentage of their income than ever on apparel (an average of $1,700 a year, per household), but own more clothing items than previous generations. In other words, our closets are bursting with cheap crap, but we knew that already.

Sources

NYP

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People Spend Less on Clothes, Own More Than Ever