Lipstick Effect: Economic Slowdown Boosts Market For "Little Luxuries" | Vantage with Palki Sharma
"Lipstick effect" is a common economic phenomenon. It says that during economic upheaval people spend modest amounts on small indulgences. So "little luxuries" are likely to drive consumer spending in 2024. They include affordable treats like alcohol, chocolate, baked goods, cosmetics. They cost relatively less but give huge returns emotionally. Why does this happen? Does it help the people and the economy? Also, which country splurges on affordable luxuries the most? Palki Sharma tells you.
---
Lipstick Effect | Economic Slowdown | Little Luxuries | Firstpost | World News | Vantage | Palki Sharma
#lipstickeffect #economicslowdown #littleluxuries #firstpost #vantageonfirstpost #palkisharma #worldnews
Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.
The show is anchored by Palki Sharma, Managing Editor, Firstpost.
By breaking stereotypes, Vantage aims to challenge conventional wisdom and present an alternative view on global affairs, defying the norm and opening the door to new perspectives. The show goes beyond the headlines to uncover the hidden stories – making Vantage a destination for thought-provoking ideas.
Vantage airs Monday to Friday at 9 PM IST on Firstpost across all leading platforms.
Subscribe to Firstpost channel and press the bell icon to get notified when we go live.
/ @firstpost
Follow Firstpost on Instagram:
/ firstpost
Follow Firstpost on Facebook:
/ firstpostin
Follow Firstpost on Twitter:
/ firstpost
Follow Firstpost on WhatsApp:
https://www.whatsapp.com/channel/0029...
