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Contributed By:

Jaymee Cuti

The Lipstick Economy

OPB | May 5, 2011 9:06 a.m. | Updated: Sept. 10, 2013 10:04 p.m.

Lipstick sales have often been considered a gauge of the economy — the theory being that in tight times women will often buy themselves a new lipstick instead of a new outfit.

Economist Alan Greenspan said he looked to men’s underwear sales as a predictor for a recession or recovery. He believed that in a recession, men failed to replace their underwear.

We featured unconventional economic indicators in a down economy. Now, as the economy begins to improve, we’re looking into unusual signs of recovery.

What are your economic indicators? Are you going to the spa again? Or eating out more often? Or are you still holding back on buying a new book in favor of visiting the library? Perhaps continuing to shop at Goodwill?

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