Big Take Are Current Beauty Trends Recession Indicators? It’s Complicated.
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May 23, 2025 Jeannette Neumann, a Bloomberg reporter specializing in the beauty and cosmetics industry, joins the conversation to explore the link between beauty trends and economic fluctuations. She reveals how DIY beauty solutions are surging as consumers face rising costs. The discussion also highlights the 'lipstick effect,' showcasing how small indulgences can flourish during tough times. Neumann analyzes the shift towards budget-friendly products and the resilient nature of the beauty industry post-COVID, shedding light on changing consumer behaviors amidst economic uncertainty.
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DIY Beauty Tales Amid Rising Costs
- Sydney Jackson Green noticed people are cutting back on salon visits due to price hikes in supplies like braiding hair.
- Clients attempt DIY hair dyeing, often causing problems requiring professional fixes.
Beauty Trends as Economy Clues
- Consumer sentiment is low despite stable key economic indicators like stock market and unemployment.
- Beauty spending offers real-time clues to economic health by reflecting consumer behavior shifts.
Beauty Pros Sense Slowdown
- Ben Steverman visited a beauty convention and found professionals worried about slowing business.
- Stylists across diverse regions reported similar concerns, resembling past slowdowns.