Clothes - what are you paying

Clothes – what are you paying?

Clothes – what are you paying? How much should we be paying?

The U.S. apparel industry today is a $12 billion business and the average American family spends $1,700 on clothes annually, according to the Bureau of Labor Statistics.

According to award-winning financial planner, Pete Dunn, you should spend 5% of your monthly budget on clothing. To find the exact dollar amount you should be spending per month, multiply your take-home pay by .05. See More

 

Sneakers: $495

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Shirt: $370

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Shorts: $780

Clothes: what are you paying

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Why do we spend so much on clothes when,

. . .On average each American throws away roughly 70 pounds of clothing and other textiles per year, equivalent in weight to more than 200 men’s T-shirts. See More

What’s your opinion on spending $$$ for clothes?

About Dr. Robert Stevenson

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