Yes, there are actually a lot of studies regarding this aspect. Your personality, your fears and worries, your aspirations and desires can be found there if you carefully analyze your wardrobe.
It is said that if you have only new clothes in your closet, with your label on, you are a fearful woman who can’t take her destiny into her own hands. At least this is saying Tracy Di Nunzio. Hmmm, I don’t know… I wouldn’t be so sure, maybe you have so many new clothes that you haven’t managed to wear them yet.
Anyway, the same lady is saying that, on the opposite, if your closet is full of old clothes then you can’t get over the past. Honestly, it’s hard for me to believe 100% those things because I think they depend on the situation.