There's no way I would spend five days wages on one handbag - economically it makes no sense.
The money would be better off invested in something. And, then, if I made a decent return on the investment, I would buy myself a treat or reinvest the money.
A lot of people forget about this little thing called "the future". Where they may not be able to earn a decent income to sustain a good lifestyle. But, hey, they've got a nice handbag!
Who is saying we can't sustain a good lifestyle, plan for the future and occasionally treat ourselves to a great bag!! It's a matter of living within your means. Most people have a vice- just wish mine was a bit less expensive!
It's a matter of priorities - if we couldn't pay the mortgage, save into the pensions, look after the kids, have a family holiday - then i wouldn't have the great bag!