It is a guy thing

Wall Street Journal:
The Fanny Pack Has Returned. Now Cheer. Or Cringe

The most polarizing bag in history is earning some serious style cred. Just be careful what you call it

...
That came as a surprise, even to trend forecasters. “Fanny packs, or ‘waist bags’ as we now call them, are the fastest-growing segment in the men’s accessories market,” explained Marshal Cohen, an analyst with the NPD Group, a market research firm. Between September 2016 and this September, sales of the category increased by over 10%, reaching $100 million.
...
They seem to be best suited for casual wear.  When I retired and quit wearing a suit every day I began using them routinely when I am out of the house.  I don't think they would work with a suit jacket though.

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