The 'lipstick index' says people buy more makeup when times get tough. Molly Gambhir tells you where it comes from and whether it can really predict a recession.

WION Fineprint: How your lipstick can predict the economy

You would think that inflation and recession would force people to cut people on spending, buy cheaper alternatives to what they would otherwise buy, and be more thrifty in general.

Lipstick Index: Does increase in makeup sales really augur recession?

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