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Sales of Luxury Skin Care Are Back Up; Does This Mean the Recession Is Ending?

Do High Luxury Skin Care Sales Mean the Recession Is Over?


High lipstick sales are associated with a bad economy, but apparently high luxury skin care sales may indicate financial recovery. Even though the US fiscal situation is far from sunny, CNN is calling 2010's eight percent increase in luxury skin care receipts "a clear sign of a recovery," and suggesting that recent runs on $320 and $500 face creams point to a larger economic trend.

I'll be a lot more heartened when there's a big jump in mid-range skin care purchases, since that would indicate to me that middle class women are comfortable with spending again. Until that happens, though, do you think your beauty spending is a good indicator of your economic stability?

Image Source: Thinkstock
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