I think it's a waste of money when people buy a lot of overly expensive clothing. Personally I would never spend $500 on a pair of jeans when I could get some perfectly good ones at say Gap for $40-$60. I think it becomes a waste when people start overspending and buying clothes that they know they will or can only wear a couple times. Personally for me I don't see buying clothes as a waste of money, I love clothes and accessories however with that said I don't buy designer things and I don't buy things that I know won't last for very long. So I don't feel like I'm wasting money on the things that I buy.