Racked is no longer publishing. Thank you to everyone who read our work over the years. The archives will remain available here; for new stories, head over to Vox.com, where our staff is covering consumer culture for The Goods by Vox. You can also see what we’re up to by signing up here.
According to the theory of the Leading Lipstick Indicator, people who are worried about the economy spend less money on clothes and more on smaller, cheaper things like make-up. "Leonard Lauder coined a name for this phenomenon after lipstick sales doubled after Sept. 11 - the Leading Lipstick Indicator - and while the name is a bit tongue in cheek, the correlation between cosmetics sale and economic woes seems to be strong." These days it's up 40%, so, uh, congratulations, Sephora. [Style List]