“Recessionista” Kate Middleton lauded by style experts for her frugal fashion choices

Kate Middleton meets Michelle Obama in Reiss Dress

Newlywed princess Kate Middleton greeted Michelle Obama at Buckingham Palace in a beige, form-fitting, $340 “bandage” dress from British retailer Reiss, resulting in an immediate sell out of their “Shola” dress.

Style watchers have “crowned” the Duchess of Cambridge with another title — “the pauper’s princess” — the first fashion-forward royal to embrace affordable trends.

During a recession era, “Kate is a princess of our times,” says Zanna Roberts Rassi, Senior Fashion Editor at Marie Claire. “She’s more of a people’s princess than Diana. Diana was understated, but she liked her labels.”

An avid Reiss fan, Middleton also frequents such stores as Top Shop and Zara, and mid-level designers like Issa.

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