Answer: 7

Questions:

• How often have you worn the outfit that you are wearing today? 
• One writer thinks about their clothing cost by analyzing their CPW (cost per wear calculated by dividing the cost by number of times that an item is worn). What do you think the CPW is for your favorite pair of shoes/sneakers? favorite jeans?
• What do you think social media's impact has been on clothing sales? Explain.

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Behind the numbers (Quartz):

There’s little hard research on how often people generally wear their clothes, but one survey of 2,000 women in the UK found respondents on average wore an item seven times. Other researchers have found that some women wear an item just once because they don’t want to repeat an outfit in a photo posted to social media.

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About the Author

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.