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What is the lipstick effect and what does it say about our economy? #economy #shorts
One of the kind of more interesting recession indicators that is out there is called the lipstick effect. It was identified by Leonard Lauder who was the CEO of Estee Lauder at the time and he noticed that during economic downturns makeup sales went up. >> H >> so he called it it's got it's been dubbed the lipstick effect.>> It's just like you're bummed out. You got to find some like small way to feel better. >> Yes.Well, what happens is like people cut back and this is true for men and women. cut back on b ...