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judith “jack” halberstam on drag, gender and fashionable stupidity ...

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W<br />

hen I was in high school I could<br />

wear a different outfit every day<br />

for three weeks. I had a parttime<br />

job at a bakery <strong>and</strong> also made m<strong>on</strong>ey<br />

babysitting. My father was adamant about my<br />

putting a large percentage of my salary in a<br />

savings account, which I did, but the other<br />

part I spent at the mall. Buying cute outfits<br />

made me feel good <strong>and</strong> look good. Or did<br />

they?<br />

After moving out to live <strong>on</strong> my own,<br />

things sure changed. I did not have the<br />

m<strong>on</strong>ey to spend <strong>on</strong> clothes, but like many<br />

Americans, I got out the good old credit card<br />

<strong>and</strong> dove deep into debt. C<strong>on</strong>sumerism is in<br />

full force in our country — we want<br />

everything bigger, better, faster. This is even<br />

more comm<strong>on</strong> in L.A., where people who<br />

d<strong>on</strong>’t make very much m<strong>on</strong>ey lease BMWs, but<br />

have no net worth, financial investments or<br />

retirement funds.<br />

Women spend much more m<strong>on</strong>ey <strong>on</strong><br />

fashi<strong>on</strong> than men do. We also tend to have<br />

fewer financial investments, stocks, IRAs <strong>and</strong><br />

l<strong>on</strong>g-term financial plans. According to the<br />

Nati<strong>on</strong>al Women’s Law Center, women are the<br />

fastest-growing <strong>and</strong> largest group declaring<br />

bankruptcy in the United States.<br />

Is fashi<strong>on</strong> a <strong>gender</strong>ed form of<br />

c<strong>on</strong>sumerist pressure that keeps women from<br />

being financially resp<strong>on</strong>sible <strong>and</strong> that forces<br />

us to depend <strong>on</strong> a man or to live in debt?<br />

Women should be reading The Ec<strong>on</strong>omist instead<br />

of Vogue, because financial independence can<br />

LOUDmouth 13<br />

mean power <strong>and</strong> freedom.<br />

There are lots of places your m<strong>on</strong>ey<br />

could go if you cut your clothes budget even<br />

a little:<br />

Planning for the future: 401(k), 403(b) or<br />

IRA retirement accounts. If your company<br />

has a retirement plan <strong>and</strong> matches your<br />

c<strong>on</strong>tributi<strong>on</strong>, put in the maximum they will<br />

match. This m<strong>on</strong>ey is put into your retirement<br />

account before taxes are withheld <strong>and</strong><br />

therefore lowers your taxable year-end<br />

income. If you have no 401(k) or 403(b),<br />

open up an IRA at your bank.<br />

D<strong>on</strong>ati<strong>on</strong>s to n<strong>on</strong>-profits. These days, I’d<br />

rather give my m<strong>on</strong>ey to Planned Parenthood<br />

than to Prada.<br />

Time. M<strong>on</strong>ey I d<strong>on</strong>’t spend <strong>on</strong> clothes equals<br />

time I d<strong>on</strong>’t have to spend earning m<strong>on</strong>ey. I<br />

can dedicate the time I’ve freed up to<br />

community service, yoga, hiking <strong>and</strong><br />

spending time with family.<br />

Lora studies nutriti<strong>on</strong>al science at CSULA. She has<br />

volunteered for NOW <strong>and</strong> NARAL <strong>and</strong> has<br />

participated in clinic-defense efforts.<br />

To learn more about saving, investing <strong>and</strong> financial<br />

planning, visit <strong>on</strong>e of these sites:<br />

www.downtoearthfinance.com<br />

www.msm<strong>on</strong>ey.com<br />

By Lora Paelicke<br />

Amount the average U.S.<br />

household spent <strong>on</strong> men’s<br />

clothing in 2003: $335.15<br />

Amount the average U.S.<br />

household spent <strong>on</strong> women’s<br />

clothing that year: $562.21<br />

Average amount a man who<br />

earned under $10,000 that<br />

year spent <strong>on</strong> clothes:<br />

$177.70<br />

Average amount spent <strong>on</strong><br />

clothes by a woman in that<br />

income bracket: $291.07<br />

Average amount spent by U.S.<br />

men <strong>on</strong> underwear in 2000:<br />

$2.93<br />

Average amount spent by U.S.<br />

women <strong>on</strong> underwear that<br />

year: $75.00<br />

—IC<br />

Sources: Household Spending Statistics<br />

based <strong>on</strong> the Bureau of Labor<br />

Statistics’ C<strong>on</strong>sumer Expenditure<br />

Reports; Best Customers 2000 (New<br />

Strategists Publicati<strong>on</strong>s).<br />

Text by Angela McCracken. Art by Sam Combellick.

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