Weird Recession Indicators: Lipsticks, Underwear, Beer, And More Hint At A Crashing Economy

Weird Recession Indicators:  When it comes to mapping the downfall or rise of an economy, one does not always look at the traditional indicators like GDP and stock market trends. More nuanced, intimate, and quirky indicators of recession have given proven results as well. Let's take a look at them. 

First is the lipstick, well, when the economy of a State is going south, women mostly cut back on splurging on luxury goods, but the affordable luxury of lipstick stays recession-resistant. Hence, if the sale of lipsticks surges unexpectedly, it can indicate that a recession is on its way. 

Similarly, in tight income spots or a crashing economy, men tend to delay replacing underwear as it is an invisible necessity. A drop in men’s underwear sales can hint at the shrinking expenditure rate of the state. 

Tune into the full video to learn about more such weird indicators of a crashing economy.