When it came to blackowned luxury handbag, was it worth the investment?
The answers to that question, according to researchers from the University of Oxford, appear to be a resounding yes.
The study looked at how much money people in the US spent on handbags during a 10-year period, finding that people who own their own handbags have an average net worth of $11,400 a year.
They also spent an average of $3,400 on clothing and accessories.
That’s more than the $1,000 per year that the average person in the UK spends on clothing, the study found.
The UK, however, has one of the highest consumer prices in the world, with the average annual wage of £19,921.
The average person who owns a handbag in the country also spends more than half of that on rent.
However, according the researchers, the reason for this is that it is considered a luxury item.
The report, entitled ‘How much do you really know about handbags?’, suggests that people should pay close attention to how much they spend on clothing.
For instance, it found that people were more likely to buy handbags that they did not need if they had them on their person, or that they had purchased them on a whim.