There is a megathread of questions about daily life at the following URL that contains more detailed answers to this question than I could ever supply - https://www.reddit.com/r/AskHistorians/wiki/dailylife#wiki_suits_.26_ties

There is also a discussion of the same question (although limited largely to the USA and UK) in the following thread - https://www.reddit.com/r/AskHistorians/comments/1y9wne/was_there_a_reason_american_adults_stopped/