If you spend a lot of money on things you want now, you're probably a lot happier than people who resist the urge and save their money for an unnamed future purchase - at least according to a study released by professors at Columbia and Harvard. They say a few days of guilt is nothing compared to the people who've bypassed Fendi for years only to feel like they've missed out on life. In this story in the London Times (which we think might have been sponsored by luxury brands begging shoppers back), the author talks about splurging on expensive non-necessities like it's therapy, but speaking from experience it's more like a sugar high. We can justify just about anything, but in ten years will the abundance of shoes in our closet make us feel like we've lived life to the fullest or make us wish they'd turn into an apartment? Maybe not worth worrying about right now, but we'd like to hear the professors on the other side of this argument. Which makes you feel better, splurging on that Chanel bag you saw Kate Moss carrying or seeing more than $7 in your savings account?
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Why Saks' New Designer Plus Size Department is a Good Thing
Prepare for a Chanel-inspired stampede. This autumn, Saks Fifth Avenue will become the first major US retailer to stock plus-sized clothing from all of its high fashion brands. Goods from Alexander McQueen, Dolce & Gabbana, Fendi, Oscar de la Renta, Valentino, and yes, Chanel, will soon be available up to size 14, with some brands extending to size 20. And rather than being segregated into a different section, plus-sized garments will be displayed on the same rails as straight-sized stock on Saks’ high-end third floor. It’s astonishing that something so obvious, lucrative and longed-for could take this long. The plus-size clothing sector is worth $27 billion globally, according to data from New York-based buying firm Global Purchasing Group. That’s partly due to prevailing health trends, but also a result of increasingly arbitrary sizing—the US doesn’t have any clothing size regulations, so a woman who wears a size 8-10 at a mainstream store might find that McQueen thinks she’s a 12 or 14.