Presumably women are spending the same % of income on clothes, but that now can buy so many more clothes than before? And women, in general, favour quantity over quality? I do, to a point. I like the options and variety a large wardrobe gives me. Although really need to start operating, like you, Bearleigh, on a one in, one out, basis.
Yes, last time I went back, clothes were still more expensive, and there weren't good, affordable high street chains like we have here.
Re junior staff buying Prada bags, I think this is where the subtle workplace hierarchies operate? I read another article which mentioned this situation, saying you need to both earn your designer bags ie if you have them straight out of school, it indicates rich parents, boyfriend etc - you need to earn the money for them yourself. However, in addition, it may be that it's better to stick to bags etc less "showy" than your boss's?
I find all of this quite fascinating, in case it wasn't obv. Fashion meets psychology = gold.