Would you pay $750 for a kid's coat?

The New York Times ran a telling article last week about how back-to-school shoppers are tightening their belts this season and heading for the sale racks instead of splurging. Given the current economy, it isn’t exactly a surprising revelation that parents are scrimping and saving and instilling a lesson for their young ones: Learn to do without. Not everyone’s adopted that sensibility, though. While most parents may be concentrating solely on the necessities, there are still parents out there for whom money is evidently no object when it comes to outfitting their kids for heading back to school. Catering to this demographic comes a clutch of prestigious fashion designers like Gucci, Burberry and Stella McCartney, each introducing their own lines of kiddie couture. The Stella McCartney Kids line (previewed in the picture above) isn’t out until November, but it’s being touted as "affordable." That said, an article in today’s New York Post cited a "girl’s double-breasted gabardine trend coat" from that line as selling for $750. For the average parent, that sort of expenditure (especially for a garment that a child will very swiftly grow out of) seems outrageous, but clearly there is a market for it. Regardless of your financial status, do you ever splurge on items like that? And if so, just how much is too much money to spend on children's clothing? Share your thoughts in the comments section below.