It's one of the most common questions, but also one of the most complex. The mythology surrounding our closet is difficult to prove or disprove, because every person is different. Our best bet is to take a look at the multitude of information available to piece together a story. From budgets to government surveys to fashion magazines, how much clothing (and how much you should spend on it) has been a hot topic for decades.
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Colonial Williamsburg article: https://www.colonialwilliamsburg.org/learn/living-history/how-much-clothing-did-18th-century-woman-really-own/
Inventories: https://research.colonialwilliamsburg.org/DigitalLibrary/inventories/search.cfm
1920 Standards of Living: https://www.google.com/books/edition/Standards_of_Living/3mRaAAAAYAAJ?hl=en&gbpv=0
1923 Economics of the Family: https://babel.hathitrust.org/cgi/pt?id=mdp.39015062980068&seq=7
1929 Economic Principles of Consumption: https://babel.hathitrust.org/cgi/pt?id=wu.89047217609&seq=11
1888 The Practical Budget: https://babel.hathitrust.org/cgi/pt?id=loc.ark:/13960/t2g741q2d&seq=3
1923 Macy Budget: https://www.google.com/books/edition/How_Much_Should_I_Spend_for_Clothes/uwdQAAAAYAAJ?hl=en&gbpv=0
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00:00 Elinor or Ann Eliza
03:56 18th c Inventories
08:33 Ready to Wear
10:31 Household Budgets
16:59 Clothing Prices
21:29 Wardrobe Lists
29:20 Nothing but Underwear