4. A fad is a style popular for a short period of time that expresses personality
and a sense of belonging with peers. Often, a fad is less expensive than a clas
-
sic style and is sometimes termed “fast fashion.” Some fads are rediscoveries
of trends by other generations. For example, today the 1960s, 70s, and 80s
are being rediscovered in the following observable ways:
a. Fluorescent colors
b. Bangles and mood rings
c. Platform, classic Air Jordan, and boat shoes
d. Plaids and floral prints
e. Slogan and vintage T-shirts
B. Demographics are data and related factors for a specific group of people based
on socioeconomics: income, age, education, and gender. The following factors
affect style trends and markets within the fashion industry.
1. Income is the amount of disposable income an individual or a family has and is
a key factor that significantly impacts fashion trends and the global market.
Lack of disposable income or an economic recession more than likely reflects
a decline in the fashion market because people tend to save money rather
than spend it on current fashion trends. Income classes include wealthy, mid-
dle, lower, and poverty level.
a. Currently, the wealthy level is households that earn more than $150,000
per year and have more disposable income to spend on current trends.
b. The middle level is households that earn around $60,000 per year. They
are classified as “lower middle class.” The “upper middle class” earn more
than $100,000 and less than $150,000 per year. These households have
disposable income. However, they tend to be more cost-conscientious
when it comes to buying their wardrobe.
c. The lower level is households that earn around $30,000 per year. Although
low-income housing is typically located more in urban areas, the cost of
living is also higher. Therefore, costs for fashion trends take a hit as well.
According to statistics, they still spend a good percentage of their
disposable income on fashion.
d. The poverty level is generally households with an annual income below
$25,000. Although there may be minimal disposable income, the focus is
more on the necessities rather than on the most current fashion trends.
2. Age has a significant impact on spending patterns for apparel and fashion. For
example, more recent generations are less likely to be brand or logo loyal.
They do not feel the need to “fit in.” They feel comfortable “standing out” in
society. For instance, they express themselves and create an identity through
fashion. For instance, Katy Perry, Lady Gaga, and Nicki Minaj are considered
fashion icons for the younger generations. Age classifications are Generations
X, Y, and Z; Baby Boomers; and Boomers.
a. Generation Z are home landers or centennials born after 2000 who are
typically tech-savvy and innovative. They tend not to be brand loyal
(possibly due to an economic recession or not having a reliable source of
Lesson: Styles and Trends: Fashion
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