I snagged this from Slaves to Fashion: Daily Style Blog which is a fun blog on Glamour.
Who knew a pair of tights could predict just how bad this financial crisis will get? You guys may have heard of the Lipstick Index, an intriguing (and surprisingly well-substantiated) economic theory that says there’s a direct relation between rising sales in tubes of lipstick and a falling financial market–the more the economy stinks, the more women indulge in small purchases, like $10 tubes of lip lacquer. But with this financial crisis, it seems we gals are opting instead for inexpensive hosiery purchases.
According to the Wall Street Journal, women are giving their wardrobe a quick update with opaque and patterned tights rather than investing in new skirts and sweaters, causing the “hosiery index” to be on the rise. At barenecessities.com, hosiery sales were up 60% in September and, as the financial crisis worsened, 70% in October. A similar story is being told at Spanx, and I know I’ve been purchased more than a few pairs of tights to help get more mileage out of my summer dresses. What about you guys? Have you been buying more tights? Do you think hosiery is the new lipstick? Do you think this new index is as reliable as the old one? Discuss.