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It depends, because they might buy some good quality pieces which last longer as well.
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How people dress on the outside is not directly related to how wealthy he/she is.
But
Wealth does determine the upper limit of what he/she dresses in. If your friend is dressed in luxury items and in different styles every day, he/she is probably really rich.
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The notion that individuals who spend extravagantly are actually financially broke is a common perception, but spending habits and financial stability can vary significantly among individuals. I dont think there is a real trend towards either side of this idea or I have not come across any data that suggests so.
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Chin Guo Qiang (ITIL4 / CSPO / CSM)
18 Sep 2023
Assistant Vice President, IT Operations at Bank of China Limited
It depends on the individual mindset, it can be just self-indulgence for that moment, right after sa...
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In general, yes.
the infographic is explaining types of people use money to buy what type of products.