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Beauty and Fashion
Reply to "Do you care about $3k purses? "
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[quote=Anonymous]My theory is the amount people spend on their purses is a normal distribution (assuming wealth along the x axis and price along the y). Lower incomes can’t afford it; there is a point where people are “making it” where they are more likely to splurge on a status symbol, but at higher incomes many people don’t either because they are frugal (hence their wealth) or because at a certain point labels become gauche. Particularly for handbags, many of the most recognizable bags are just as likely to be (good) fakes. That said, I will spend on a bag I really want, but generally it has to do with shape/leather quality/detail and doesn’t have any branding on it. At a certain wealth level you splurge on what you value. My husband walks around dressed head to toe in target/hanes sweats and prison slides but drops a ton on his golf gear. [/quote]
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