As a wise woman once said, “I like my money right where I can see it… hanging in my closet.” That wise woman was Carrie Bradshaw and she knew a thing or two about fashion. While she was also quoted stating that she owned $40,000 worth of shoes, a new study published by Alliance Data reported average closet totals as being a bit less.
The company (which owns several store-branded credit cards, such as those at J. Crew and Victoria’s Secret) discovered that a quarter of respondents estimated their closet worths to be between $1,000 and $2,499. 23 percent say they own between $2,500 and $4,999 worth of closet cargo—at at the higher end of the spectrum, nine percent reported a total of over $10,000, the bracket where we would find Ms. Bradshaw.
Shirts and shoes were estimated to make up the largest percentage of that price, with 37 percent of women owning 25 to 49 blouses and 32 percent having more than 25 pairs of footwear. Jeans take up the least amount of the budget with over 60 percent of women owning less than 10 pairs.
What about you—what do you think your closet is worth?