Call me Bohemian, but I'm not much of a fan of designer stuff. A lot of American women are apparently jumping off that bandwagon.

Designer handbags, in particular, are reportedly falling out of favor.

Business insider reports Macy's and Nordstrom are experiencing sagging sales of the once popular status symbol. The hardest hit brands are Michael Kors, Kevin Spade, and Coach.

The other day, I saw someone trying to sell her Michael Kors handbag on Facebook. I guess a lot of ladies are reevaluating their priorities in the face of uncertain economic times.

After all, why go broke trying to look rich?