What is the lipstick effect and what does it say about our economy?On this episode of the Everybody's Business podcast, @svansmith and @chafkin talk about how, in times of economic uncertainty, the beauty industry often thrives as consumers cope by spending on modest luxuries https://t.co/qSwm0RcP17 ...

What is the lipstick effect and what does it say about our economy?On this episode of the Everybody's Business podcast, @svansmith and @chafkin talk about how, in times of economic uncertainty, the beauty industry often thrives as consumers cope by spending on modest luxuries https://t.co/qSwm0RcP17 ...

What is the lipstick effect and what does it say about our economy?On this episode of the Everybody's Business podcast, @svansmith and @chafkin talk about how, in times of economic uncertainty, the beauty industry often thrives as consumers cope by spending on modest luxuries https://t.co/qSwm0RcP17 ...

Economic Indicators in Fashion - The hemline index suggests skirt hemlines rise during economic booms and fall during downturns [3] - The lipstick effect demonstrates increased sales of affordable luxuries during tough economic times [4] Historical Fashion Trends and Economic Context - The 1920s saw rising hemlines and loose dresses reflecting post-World War I freedoms [6][7] - The Great Depression led to simpler, more functional clothing made from cheaper materials [8][9] - World War II rationing resulted in shorter hemlines and women wearing trousers [10] - The post-World War II boom brought back high-end fashion with full skirts and fitted bodices [11][12] - The 1960s economic flourishing led to casual styles like miniskirts and trousers [13] - The 1970s oil crisis recession resulted in more structured styles and durable fabrics like denim [14] - The 1980s saw power suits reflecting women entering the workplace [16] - The 2008 financial crisis brought a shift towards quiet luxury and practical office wear [18][19]

But what do laboo and the US Treasury have in common. Well, some economic researchers, not us, but some economic researchers say that cheap toys could be an indicator of recession. Something called the lipstick effect.Stick with me here because um the idea is that during economic downturns, people still spend on cheap luxuries like toys for kids without breaking the bank. But is it really a sign of things to come. Uh well, Brian Chung is at the big boards to break it all down.Brian, like level with us. Does ...