You're probably right. I couldn't really find a picture of tru 80's style fashions, though, since most television shows didn't dress the kids in what we think of as 80's fashion (Growing Pains, Family Ties, etc. really didn't capture the ugliness of that decade). Then it hit me: Degrassi! I knew that a gis of that wouldn't disappoint. Darned if I wasn't correct!
You are correct about the original pic not being accurate. It sort of reminds me of The Carrie Diaries. They don't look truly 80's on that show, either. Just like they are trying to dress 80's, but not so 80's that they alienate their audience by looking as truly ridiculous as they would have to look if they stay true to the fashion.