No offense, but just about everything in your comment is wrong. Your argument that suits are dead is way off the mark. Maybe in San Francisco it's not expected to wear a suit to a job interview or to meet with clients, but in every job I've ever worked at the men were expected to wear a suit and tie more often than not.
Your 1% comment doesn't make any sense to me whatsoever. Are you saying that only households making over $340k a year[1] would spend that much on a suit? My first job out of college was for $28k a year in a city. I had to spend much of that first year buying $600-800 suits because that's what I was expected to wear. I have friends that make what I make now and gladly drop twice what I would on a suit. It doesn't have anything to do with income.
I believe this was mentioned elsewhere, but a $4,000 suit isn't mainly about income or wealth, it's about taste. Pick up any $4,000 suit from a custom clothier and hang it up next to a $350 suit from Men's Wearhouse. You will absolutely be able to tell the difference from the other side of the room.
Your 1% comment doesn't make any sense to me whatsoever. Are you saying that only households making over $340k a year[1] would spend that much on a suit? My first job out of college was for $28k a year in a city. I had to spend much of that first year buying $600-800 suits because that's what I was expected to wear. I have friends that make what I make now and gladly drop twice what I would on a suit. It doesn't have anything to do with income.
I believe this was mentioned elsewhere, but a $4,000 suit isn't mainly about income or wealth, it's about taste. Pick up any $4,000 suit from a custom clothier and hang it up next to a $350 suit from Men's Wearhouse. You will absolutely be able to tell the difference from the other side of the room.
[1] http://www.bankrate.com/finance/taxes/top-1-percent-earn.asp...