Too Much???

I have taken a brief respite from putting away the 5 baskets of laundry that have been sitting here waiting for me for 3 days now to ponder "out loud". When all of my laundry is caught up and put away, it's then that I realize just how much the four of us have. So I find myself asking, just how much is necessary??? How many pairs of pants, socks, underwear, how many t-shirts, sweat shirts and other miscellaneous gear does ONE person really need?? I seriously have a skewed opinion of this, and seem to think that we are needing to stock up enough clothing for 365 days of wear, just in case our washing machine breaks down and we've no access to clean, fresh clothing. Ugh!
I seem to do a "purge" of my closets, once ever other month...but I can justify almost every article of clothing hanging or neatly folded. You just never know, right? Now not only am I spending copius amounts of time doing laundry, changing out the folded goods to make sure that everything is rotated and gets it turn, I am also spending too much money purchasing more and more and more clothes hangers. Is this the definition of insanity??