That huge amount equates to an eye-watering £7.1 billion - a rather steep sum!
Bespoke Offers asked women about their arm candy collections and found that almost half of us own seven or more handbags – that's one for every day of the week!
And 11 per cent even admitted to possessing over 15, that cost an average of £39 each.
But what is it that makes us invest in a new tote or clutch? For most (44 per cent) it's all due to a special occasion, while a quarter put it down to an impulse buy or getting that feel-good factor.
And despite our hefty collection, half of us use the same handbag every week.
As for our celeb bag inspiration, Victoria Beckham came up trumps as the star with the most-lusted bag collection. Other fashionistas that gained a smaller per cent of the vote included Kate Moss, Cheryl Fernandez-Versini and Alexa Chung.
David Herrick of Bespoke Offers said: "The nation's love of handbags is clear. Buying a new handbag doesn't need to break the bank, and as our research shows, we all love treating ourselves to some new bag swag."
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