Is Nail Polish the New Lipstick? It’s Kind of Looking That Way . . .

Is Nail Polish the New Lipstick? It’s Kind of Looking That Way . . . – Getty / Rosdiana Ciaravolo Slide 1 of 6: BUY NOW$28There’s a theory called the “lipstick index” or “lipstick effect,” which states that in a time of economic crisis, people will cut back on expensive, big-ticket luxury items but still spend money on small indulgences, like lipstick. This theory dates all the way back to the 20th century and […]

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