Americans Spend Less on Clothes, Own More Than Ever

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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.

People Spend Less on Clothes, Own More Than Ever