In a down economy, the last thing on most people’s minds is fashion (at least it should be). The frivolous spending that is required to look great is something that many people put aside.
That is, unless you’re living in America, where it seems that fashion is always a “necessity” in one way or another. As our friends at Mint put it:
“Clothes shopping: for some it’s an addiction, for others it’s a fun pastime or possibly just another chore. A look into our data shows one thing is clear – Mint users dedicate between 15-23 percent of their discretionary spending towards apparel. While nobody spends more per month on a dollar-basis than Manhattanites, their Brooklyn-based neighbors are actually spending a bigger portion of their budget on clothes. Meanwhile, Denver-dwelling Minters spend the smallest percentage of their discretionary cash on clothes, but dollar-for-dollar, it’s Mint users in Tucson who pay the least for their clothes.”
Click to enlarge.