
The state of the economy has long been reflected in beauty trends.
The Lipstick Index, coined by Leonard Lauder, son of Estée Lauder, posits that sales of "affordable luxury" items like lipstick rise when consumers sense a recession looming.

The state of the economy has long been reflected in beauty trends.
The Lipstick Index, coined by Leonard Lauder, son of Estée Lauder, posits that sales of "affordable luxury" items like lipstick rise when consumers sense a recession looming.