An article on wealthy American’s â€˜insatiable appetiteâ€™ for luxury goods profiles a poster child for fashion addiction:
Louis Vuitton this spring pre-sold its limited number of $40,000-plus handbags made up of a patchwork of samples from different spring and summer collections. The bags cost only slightly less than the median household income of $46,326, as reported by the Census Bureau.
Nadine Absolam, a 32-year-old Brooklyn resident, says she likes to have the trendiest designer items, but she said itâ€™s getting harder to come up with the cash.
â€œMy first priority should be my bills. But these designers bring out so many hot items that you must have these things,â€ said the Pilates instructor. â€œI am always late with my bills.â€
Absolam spends about $1,000 in clothing and accessories per month, about half of her monthly salary. One of her most recent buys was a $1,100 Gucci messenger bag; her boyfriend last Christmas bought her Fendiâ€™s â€œSpy bag,â€ priced at around $3,000 and coveted by fashionistas.