It’s certainly a status game (“of course, I don’t have a Facebook account”...), just a weird one.
When I do buy clothes, or anything, I try to get stuff that will last. My Rotel hifi is 20 years old and still ticking.
There's tonnes of resources to be found on the wasteful impact of the clothing industry - the whole head game of making people think they can't use clothes just because it's "slightly old" is a direct contributor to that. And that's not even touching on issues such as sweatshops.