This Is The One Beauty Item People Will Spend on During Inflation
Published by
The Street
The Street
By Veronika Bondarenko Nearly 50% of shoppers plan to spend less on beauty items this year. During tough economic times, how people spend on beauty products can often indicate where the markets are going — while logic would suggest that sales of lipsticks, perfumes and other “frivolous” products drop, purchases of such “small luxuries” actually tend to increase. Estee Lauder (EL) – Get Free Report heir Leonard Lauder first coined the term “Lipstick Index” (sometimes also known as the “Lipstick Effect”) to describe this phenomenon amid the recession that followed the dot-com bubble in the 1990…