In a piece on "the end of bling culture," MSNBC finds that "urban youths" are spending less on designer brands now that the recession has hit. (NB: they seem to count Abercrombie & Fitch as part of bling culture.) [MSNBC]
So I'm not a part of youth anymore, but I find myself acquiring more expensive clothes now than I did before the recession. Mainly because there are so many things to get rid of in sale time that it's way more convenient to get stablished brands with 60% off than not-so-cheap cheap clothes from the stores I used to roam.