Personal Finance

Money Spent on Clothes Statistics

Do you ever feel like you’re spending too much on clothes? You’re not alone. In fact, the average person spends over $1,000 a year on clothes.

The fashion world is full of interesting facts like this. So, let’s talk about money spent on clothes statistics. In this guide, we’ll detail the key statistics you need to know about the apparel industry, from saving money on clothes to clothing labor statistics and much more.

Money Spent on Clothes

Not surprisingly, the amount of money spent on clothing varies widely from person to person. For example, people who live in cities tend to spend more on clothing than those who live in rural areas. In addition, women tend to spend more on clothing than men, and people with higher incomes tend to spend more than those with lower incomes.

women spend money on clothes

Understanding consumer spending habits in regards to clothing is essential, both from a marketing standpoint or even if you’re just the average woman or man looking for some insight.

Whether you want to spend more money or less on your clothing, we’ll break down the most important facts and figures for you.

The statistics in this post will cover the following categories:

  • Money spent on clothing by adults
  • Money spent on clothing by teens
  • Children’s clothing spending
  • Men vs. women clothing spending habits
  • Global vs. US clothing market

Money Spent on Clothes Statistics – Highlights

  • Americans spend $24 billion each year to store their stuff in 2.3 billion square feet of storage units.
  • The average American household spends $1497 per month on nonessential items.
  • The average household spends 3.8% of its income on clothing.
  • More than 50% of women claim that 25% of their wardrobe is never worn.
  • Women pay 8% more than men for their clothing.

Only 25% of US shoppers don’t buy clothing online

(Source: Cloudwards)

This statistic is surprising when considering that, only a few years ago, buying clothing online was considered risky. But as internet security has increased and more businesses have begun offering returns and exchanges, buying clothing online has become much more commonplace.

In fact, it’s now estimated that around two-thirds of all Americans have purchased clothing online at some point. And with the convenience and selection that online shopping offers, it’s likely that even more people will start buying their clothes online in the future.

money spent on clothes statistics online

Millennials make twice as many fashion purchases online than boomers do

(Source: eMarketer)

While boomers may be more hesitant to shop for clothing online, millennials are twice as likely to make fashion purchases online than their older counterparts. There are a few reasons for this discrepancy.

First, millennials are generally more comfortable with technology than boomers and are thus more likely to feel confident making purchases online. Second, millennials have grown up in a world where online shopping is the norm, while boomers are more accustomed to brick-and-mortar stores.

Finally, many millennials view online shopping as a more convenient and affordable option than traditional shopping, while boomers may be more set in their ways. Regardless of the reasons,it’ss clear that millennials are leading the charge when it comes to online fashion purchases.

Men tend to shop more frequently online but buy fewer clothes. In the United States, nearly 50% of men from ages 18 to 31 would prefer to buy everything online

(Source: Retail Dive)

There could be a few reasons for this statistic. It could be argued that men, on the whole, are less interested in clothes shopping than women. This is supported by the fact that, in the US at least, nearly 50% of 18-31-year-old men would prefer to buy everything online – including their clothes.

This suggests that they find the act of going to brick-and-mortar stores and trying on clothes to be a time-consuming and tedious task.

Another potential reason for this statistic is that online clothing retailers are geared more towards women than men. This is evident in the types of clothing that are typically marketed to each gender women’s’s clothing is often more colorful and stylish, whilmen’s’s clothing is more functional and practical.

As such, it stands to reason that more women would shop for clothes online than men.

More than 50% of women claim that 25% of their wardrobe is never worn

(Source: Fashion United)

While some of this can be attributed to changes in style or sizing, a significant portion is due to poor planning and impulse buying.

In many cases, women buy clothes without considering whether they already have something similar in their closet or whether the item is truly flattering. As a result, their closets become cluttered with clothes that are never worn.

To avoid this situation, women should take the time to plan their purchases and only buy items that they know they will love and wear. By being more mindful of their consumer spending, women can save money and reduce the amount of unused clothing in their closets.

The average family spends $1800 per year on clothing

(Source: Financial Best Life)

So how much does the average family spend on clothing? Around $1,800 per year on average.

This figure includes both direct and indirect costs, such as laundry and dry cleaning. The study found that men spend slightly more than women on clothing, while children aged 2-17 account for almost a third of total spending.

Clothing is an essential but discretionary expenditure, which means that families can adjust their spending in response to economic conditions. In general, consumer spending on clothing tends to be fairly stable, even during periods of economic recession. This suggests that clothing is an important part of mpeople’sle’s budgets.

Men spend an average of $323 per year on clothing

(Source: CreditDonkey)

It is no secret that men and women shop differently. While women tend to focus on fashion and trends, men are more likely to purchase clothing for function and comfort. This difference is reflected in the average amount spent on clothing each year.

money spent on clothes statistics a man bought clothes

Women spend an average of $571 per year on clothing, with women aged 45-54 spending the most (around $793 per year)

(Source: CreditDonkey)

While clothing is a necessity for most people, it is clear that women are shouldering a greater share of the costs. There are a number of possible explanations for this discrepancy.

Fwomen’somen’s clothing is often more expensivemen’s men’s clothing, due to higher production costs and markups. Second, women are more likely than men to wear brand-name or designer clothes.

Finally, women tend to purchase new clothes more frequently than men, leading to higher annual spending.

The average household spends 3.8% of its income on clothing

(Source: North Dakota State University)

This may seem like a small amount, but it can add up over time. Clothing is a necessary expense, and it is important to make sure that you are getting the best value for your money.

When purchasing clothing, look for items that are made from durable materials and that will last for more than one season. Also, take advantage of sales and coupons to get the best deal possible. By being careful with your clothing budget, you can ensure that you have money left over for other necessities.

The average family spends $388 per year on shoes

(Source: CreditDonkey)

This figure may seem high, but it is actually in line with other common household expenses. For example, the average family spends $749 per year on groceries and $948 per year on transportation.

When compared to these other costs, the amount spent on shoes is relatively modest. In addition, this figure does not account for families who do not purchase new shoes every year.

Some families may only buy shoes every two or three years, which would lower the average amount spent on shoes even further. Overall, the cost of shoes is a relatively small part of the family’sfamily’s budget.

The global apparel industry is worth $2.4 trillion

(Source: McKinsey)

This figure includes all businesses involved in the design, manufacture, and sale of clothing and footwear. The industry employs millions of people around the world, and its products are in high demand.

In recent years, the industry has experienced strong growth, thanks to factors such as increased disposable income and a growing population. As the industry continues to grow, it is likely to have a positive impact on the global economy.

By creating jobs and generating revenue, the apparel industry makes a significant contribution to economic development.

money spent on clothes statistics apparel industry

32% of women own more than 25 pairs of shoes

(Source: Wear Your Life Well)

While this may seem liit’s lot, it’s not surprising when you consider the many different occasions that require different types of footwear.

For example, most women would not wear the same shoes to a wedding as they would to the gym. In addition, shoe styles are constantly changing, and many women feel the need to keep up with the latest trends. As it’ssult, it’s not surprising that so many women have a large collection of shoes.

Women pay 8% more than men for their clothing

(Source: Intuit)

While it may come as a surprise to some, the clothing industry has long been characterized by a gender-based pricing discrepwomen’sith women’s clothing typically carrying a higher price tag than comparably sized men’styled men’s clothing items.

One explanation for this discrepancy is the”so-called””pink tax,” or the upcharge that businesses often place on products targeted at women, from personal care items to toys to home goods.

While the specific origins of the pink tax are difficult to pin down, what is certain is that it imposes a significant financial burden on women, who often have no choice but to pay the higher prices. In the case of clothing, this means that women pay an additional 8% on average for their garments.

While this may not seem like much, over the course of a lifetime, it can add up to thousands of dollars. For many women, the pink tax is yet another example of the systemic discrimination they face in society. Thankfully, awareness of the issue is growing, and there is hope that eventually the pink tax will be a thing of the past.

The average person buys 7.8 pairs of shoes per year

(Source: CNBC)

This statistic can be explained by a number of factors. First, shoes are a necessary item of clothing for most people. They protect our feet from the elements and help to keep us comfortable when we are walking or running.

Second, shoes can also be a fashion statement. Many people enjoy expressing their personal style through the shoes they wear. Third, shoes often go through a lot of wear and tear and need to be replaced on a regular basis.

Walking, running, and dancing all take a toll on shoes, and eventually they will wear out. For all these reasons, it is not surprising that the average person buys 7.8 pairs of shoes per year.

Men and women combined, those between the ages of 35 and 44 years of age tend to spend the most on clothing (around $209 per month)

(Source: CreditDonkey)

There are a few possible explanations for this statistic. First, 35-44 year-olds are typically in the prime of their careers and have more disposable income than other age groups. They may also be more likely to invest in higher-quality clothing that will last longer and better withstand repeated wear.

Additionally, this age group is likely to include parents who need to purchase clothing for their children as well as themselves.

Whatever it’sreasons, it’s clear that 35-44 year-olds are willing to spend more on clothing than other age groups. As a result, retailers should focus their marketing efforts on this demographic if they want to maximize sales.

money spent on clothes statistics 35 44 years old

More than don’tf women don’t have clothes more than five years old

(Source: CreditDonkey)

There are a number of possible explanations for this statistic. One possibility is that women are more likely than men to keep up with fashion trends and purchase new clothing items on a regular basis.

Another possibwomen’ss that women’s clothing is more likely to suffer wear and tear over time, necessitating the need for replacement items more frmen’stly than men’s clothing. Additionally, it is possible that this statistic reflects a general trend of increased consumerism in society, with both women and men purchasing new items more often than they did in the past.

Whatever the reason, this statistic provides an interesting insight into the shopping habits of modern women.

Americans spend $24 billion each year to store their stuff in 2.3 billion square feet of storage units

(Source: Self Storage Association)

The average American consumer tends to spend more money than they have. This often leads to debt and not having enough saved for things like retirement or emergencies. One way that people try to save money is by renting storage units.

These units can be beneficial because they provide a place to store things that may not be used on a daily basis but are still necessary items. It also declutters the living space, making it appear more organized and clean.

The negative side of storage units is that they can be expensive, and the items stored in them are often forgotten about or only used when someone needs to access them. This can lead to more clutter in the long run and cause people to spend more money than theydidn’t if they didn’t have a storage unit.

54% of Americans are overwhelmed by their clutter and 78% find it difficult to manage

(Source: National Association for Professional Organizers)

The consumer culture of today is often one of excess. We are bombarded with ads and messages telling us that we need the latest and greatest products in order to be happy and successful. As a result, many people find themselves overwhelmed by their possessions.

A recent study found that 54% of Americans feel burdened by their clutter, and 78% find it difficult to keep their homes organized. The causes of this problem are varied, but consumer spending is certainly one contributing factor.

When we are constantly buying new things, it can be hard to keep track of everything we own. Moreover, all of those possessions require time and effort to maintain. Dusting, vacuuming, and laundry are just a few of the chores necessary to keep a home It’sn and tidy.

It’s no wonder that so many people feel overwhelmed by their belongings! The solution to this problem is not necessarily to stop buying things altogether.

However, it is important to be mindful of our consumption and only purchase items that we really need or will use regularly.

Women are responsible for 70 to 80% of all consumer purchasing decisions

(Source: Forbes)

This quote speaks to the significant purchasing power of women. While the exact percentage may vary depending on the source, there is no denying that women are a powerful force in the consumer market. This is due in part to the fact that women make many of the household decisions, such children’ses and children’s clothing.

In addition, women are often the primary caretakers of elderly family members, meaning that they are also responsible for their purchases. Given all oit’sese factors, it’s not surprising that businesses catering to female consumers have been successful.

From makeup to handbags to clothes, companies that understand the needs of women have been able to tap into a lucrative market. As this quote demonstrates, women are major players in the world of consumerism.

purchasing power of women

The average American household spends $1497 per month on nonessential items

(Source: USA Today)

The average American household spends $1497 per month on nonessential items, including clothing.

While this may seem like a lot of money to spend on nonessentials, it is important to remember that clothing is a necessity for most people.

Spain had a decrease of 70% in clothing and footwear spending during the COVID-19 pandemic. About 63% of Americans cut back on spending during the pandemic

(Source: McKinsey)

The COVID-19 pandemic has had a significant impact on spending patterns around the world. In Spain, for example, spending on clothing and footwear decreased by 70% during the height of the pandemic. A similar pattern was seen in the United States, where about 63% of Americans cut back on their spending.

The pandemic has also caused a shift in spending towards essentials such as food and healthcare. This is likely to continue in the short-term as people remain cautious about their finances.

In the long-term, however, it is possible that spending patterns will return to normal as the pandemic comes under control and life returns to something approaching normality.

Amazon sells more apparel than any other website, with most customers (76%) shopping from their mobile devices

(Source: Clothing RIC)

Amazon is the leading retailer for apparel, with most shoppers (76%) usAmazon’sle devices. Amazon’s success in selling clothing can be attributed to a number of factors, including its wide selection of products, convenient shipping options, and competitive prices.

In addition, Amazon’s customer service and return policy are among the best in the industry, which gives shoppers confidence that they will be satisfied with their purchases. As a result, Amazon is the go-to destination for apparel shopping for many consumers.

67% of shoppers use their smartphones to window shop, while 77% of these online window shoppers make impulse buys

(Source: Tech Jury)

This may be because shopping from a smartphone is more convenient than git’s to a store, and it’s easier to browse multiple items and compare prices.

Or, it could be that people are more likely to make spontathey’reecisions when they’re not in a physical store, surrounded by other shoppers, and pressured to make a purchase.

Whatever the reason, retailers need to be aware that many shoppers are browsing with the intention of buying, and they should structure their mobile sites accordingly. Impulse buys can be a key source of revenue, so retailers should make it easy for shoppers to add items to their carts and check out quickly and easily.

money spent on clothes statistics online shopping

Final Thoughts: Money Spent on Clothes

Clothing is a big business, with Americans spending an average of $1,800 per year on clothes.

This number varies depending on yoyou’reome level- the poorer you are, the more you’re likely to spend as a percentage of your annual income. Clothing is also one of the most gender-divided purchases, with women spending almost twice as much as men each year.

Kevin Martin

Kevin is an ambitious entrepreneur that is obsessed with all things related to finance. From a young age, Kevin has always been involved with side hustles ranging from online selling to freelance work. Over the years, Kevin graduated from side hustles and started launching multiple online and offline businesses. Kevin is a serial entrepreneur who loves starting new businesses and exploring all things related to business and finance. He is constantly looking for new ways to save money, invest money, and create income streams.