The lipstick effect and the economy
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The lipstick effect and the economy
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'Lipstick effect' shows consumers seeking small luxuries during economic uncertainty
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What is the lipstick effect and what does it say about our economy? On this episode of the Everybody's Business podcast, Stacey Vanek Smith and Max Chafkin talk about how, in times of economic uncertainty, the beauty industry often thrives as consumers cope by spending on modest luxuries http://bit.ly/46drPxC | Bloomberg
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