The great handbag boom: Savvy women are spending more money on totes, satchels and clutches than ever before (and we own 13 on average)

Good news for anyone who's ever felt guilty after splashing the equivalent of a month's rent on a new handbag: while we may be spending more than ever before, we've also become savvier shoppers.

In 2015, handbag sales in the US hit a staggering $11.5 billion (£7.9 million), up by 5 per cent from the previous year, with baby boomers spending more than ever - while sales among shrewd Millennials were up by just 2 per cent.

But while it may sound like we're being irresponsible, research shows our shopping habits have drastically changed too; with women browsing online for longer before taking the plunge.