{"id":141748,"date":"2022-12-07T10:06:00","date_gmt":"2022-12-07T10:45:00","guid":{"rendered":"https:\/\/hispanicprwire.com\/english-our-lips-are-not-sealed-debt-com-explores-link-between-increased-cosmetics-spending-the-troubled-economy-and-the-holidays\/"},"modified":"2022-12-07T11:10:01","modified_gmt":"2022-12-07T15:10:01","slug":"nuestros-labios-no-estan-sellados-debt-com-explora-la-relacion-entre-el-aumento-del-gasto-en-cosmeticos-la-economia-en-problemas-y-las-fiestas","status":"publish","type":"post","link":"https:\/\/hispanicprwire.com\/en\/nuestros-labios-no-estan-sellados-debt-com-explora-la-relacion-entre-el-aumento-del-gasto-en-cosmeticos-la-economia-en-problemas-y-las-fiestas\/","title":{"rendered":"Our Lips Are Not Sealed: Debt.com Explores Link Between Increased Cosmetics Spending, the Troubled Economy and the Holidays"},"content":{"rendered":"<p><\/p>\n<style type=\"text\/css\"><![CDATA[\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p><i>Splurging may be surging this holiday season: survey finds 40% of beauty buyers will use credit or BNPL to afford gift giving.<\/i><\/p>\n<p><span class=\"xn-location\">FORT LAUDERDALE, Fla.<\/span>, <span class=\"xn-chron\">Dec. 7, 2022<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212; The nation&#8217;s largest provider of <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3729899-1&amp;h=501608219&amp;u=https%3A%2F%2Fwww.debt.com%2F&amp;a=debt+solutions\" target=\"_blank\" rel=\"nofollow\">debt solutions<\/a> finds a spike in beauty-product buying that corresponds with record-high core inflation rates\u00a0and an increase in consumers buying cosmetics using credit.<\/p>\n<div id=\"prni_dvprnejpgd728left\" dir=\"ltr\" style=\"width: 100%; text-align: left;\"><img decoding=\"async\" id=\"prnejpgd728left\" style=\"width: 400px; height: 199px;\" title=\"Debt.com is the consumer website where people can find help with credit card debt, student loan debt, tax debt, credit repair, bankruptcy, and more. Debt.com works with vetted and certified providers that give the best advice and solutions for consumers \u2018when life happens.\u2019\" src=\"https:\/\/mma.prnewswire.com\/media\/1576979\/logo_debt_com_full_color_final_Logo.jpg\" alt=\"Debt.com is the consumer website where people can find help with credit card debt, student loan debt, tax debt, credit repair, bankruptcy, and more. Debt.com works with vetted and certified providers that give the best advice and solutions for consumers \u2018when life happens.\u2019\" align=\"middle\"\/><\/div>\n<p><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3729899-1&amp;h=703737333&amp;u=https%3A%2F%2Fwww.debt.com%2Fresearch%2Fa-debt-com-analysis-of-the-lipstick-index-survey-supports-predictions-of-a-continued-economic-downturn-into-2023%2F&amp;a=Debt.com%27s+analysis\" target=\"_blank\" rel=\"nofollow\">Debt.com&#8217;s analysis<\/a>\u00a0builds on a concept discovered two decades ago. <span class=\"xn-person\">Leonard Lauder<\/span> coined the &#8220;lipstick index&#8221; in 2001 as a recession indicator. As chairman of Estee Lauder Cosmetics, he noticed that a rise in lipstick sales and other cosmetics often meant the opposite of what many people thought. Instead of a sign of disposable income, it was a sign of tight budgets \u2013 because when consumers can afford less, they buy small luxury items instead of larger ones.<\/p>\n<p>The research team compared the inflation rate to Google&#8217;s search volume for the terms &#8220;lipstick,&#8221; &#8220;lip gloss&#8221; and &#8220;foundation&#8221; finding a significant uptick in consumers searching for those products. The debt relief organization then commissioned a survey of 1,000 beauty buyers finding that 38% are using credit to buy cosmetics, while 37% are buying more despite inflation which economists predict <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3729899-1&amp;h=1061832488&amp;u=https%3A%2F%2Furldefense.com%2Fv3%2F__https%3A%2Fwww.stlouisfed.org%2Fon-the-economy%2F2022%2Foct%2Finflation-still-high-widespread__%3B!!NLHx-bGiPim03w!c_stMjoDnYparO1lZsG2-L__6Dw6_KpI2sRSq1KDhN-NnCFl_dQRm74K9LvGN1bsuBiUZZ7hnEIHPCHjgw%24&amp;a=will+remain+high\" target=\"_blank\" rel=\"nofollow\">will remain high<\/a>.<\/p>\n<p>&#8220;Credit card debt is rising, and Americans are carrying <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3729899-1&amp;h=128516102&amp;u=https%3A%2F%2Furldefense.com%2Fv3%2F__https%3A%2Fwww.newyorkfed.org%2Fnewsevents%2Fnews%2Fresearch%2F2022%2F20220802__%3B!!NLHx-bGiPim03w!c_stMjoDnYparO1lZsG2-L__6Dw6_KpI2sRSq1KDhN-NnCFl_dQRm74K9LvGN1bsuBiUZZ7hnEJiJLviag%24&amp;a=%24887+billion\" target=\"_blank\" rel=\"nofollow\"><span class=\"xn-money\">$887 billion<\/span><\/a>\u00a0of it. Now is not the time to get into holiday debt,&#8221; says <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3729899-1&amp;h=4238750384&amp;u=https%3A%2F%2Fwww.debt.com%2Fauthor%2Fvgunvalson%2F&amp;a=Vicki+Gunvalson\" target=\"_blank\" rel=\"nofollow\"><span class=\"xn-person\">Vicki Gunvalson<\/span><\/a>, spokesperson for Debt.com\u00a0and former Real Housewife of <span class=\"xn-location\">Orange County<\/span> star.\u00a0<\/p>\n<p>&#8220;With 40% planning to finance makeup and beauty products for holiday gifts using either <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3729899-1&amp;h=3873988664&amp;u=https%3A%2F%2Fwww.debt.com%2Fnews%2Fbuy-now-pay-later%2F&amp;a=Buy+Now%2C+Pay+Later\" target=\"_blank\" rel=\"nofollow\">Buy Now, Pay Later<\/a>\u00a0or credit cards, they are creating debt that will follow them into the new year. Social pressures and social media influencers lead people to purchase items that are out of their <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3729899-1&amp;h=1153281901&amp;u=https%3A%2F%2Fwww.debt.com%2Fbudgeting%2Fmake-a-holiday-budget%2F&amp;a=budget\" target=\"_blank\" rel=\"nofollow\">budget<\/a>\u00a0resulting in many turning to credit to pay for the latest products,&#8221;\u00a0continues Gunvalson.<\/p>\n<p>&#8220;We&#8217;d like to think we&#8217;re making affordable choices by splurging on small items during hard times,&#8221; says Gunvalson about the survey findings. Other survey results include:<\/p>\n<ul type=\"disc\">\n<li>62% say that lipstick products are an affordable luxury<\/li>\n<li>73% plan to give cosmetics this holiday season to friends and family<\/li>\n<li>Half of respondents had no plans to slow down on holiday spending<\/li>\n<li>Nearly 2 in 5 plan to spend over <span class=\"xn-money\">$300<\/span> on beauty products<\/li>\n<\/ul>\n<p>&#8220;Prioritizing financial wellness and careful money management is especially important right now, as the U.S. might be headed for some rocky times financially,&#8221; says Gunvalson.\u00a0<\/p>\n<p>ABOUT: <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3729899-1&amp;h=1216668675&amp;u=https%3A%2F%2Fwww.debt.com%2F&amp;a=Debt.com\" target=\"_blank\" rel=\"nofollow\"><u>Debt.com<\/u><\/a>\u00a0is the consumer website where people can find help with credit card debt, student loan debt, tax debt, credit repair, bankruptcy, and more. <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3729899-1&amp;h=1216668675&amp;u=https%3A%2F%2Fwww.debt.com%2F&amp;a=Debt.com\" target=\"_blank\" rel=\"nofollow\"><u>Debt.com<\/u><\/a> works with vetted and certified providers that give the best advice and solutions for consumers &#8216;when life happens.&#8217;<\/p>\n<p>Sources: <u><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3729899-1&amp;h=2531611171&amp;u=https%3A%2F%2Fwww.npd.com%2Fnews%2Fpress-releases%2F2022%2Fhigher-income-consumers-increased-spending-on-beauty-products-by-14-in-2022-npd-reports%2F&amp;a=Higher+Income+Consumers+Increased+Spending+on+Beauty+Products+by+14%25+in+2022+-+The+NPD+Group\" target=\"_blank\" rel=\"nofollow\">Higher Income Consumers Increased Spending on Beauty Products by 14% in 2022 &#8211; The NPD Group<\/a><\/u><\/p>\n<p><u><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3729899-1&amp;h=3645569960&amp;u=https%3A%2F%2Fwww.bls.gov%2Fnews.release%2Fpdf%2Fcpi.pdf&amp;a=Consumer+Price+Index+-+October+2022+(bls.gov)\" target=\"_blank\" rel=\"nofollow\">Consumer Price Index &#8211; <span class=\"xn-chron\">October 2022<\/span> (bls.gov)<\/a><\/u><\/p>\n<p>Logo &#8211; <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3729899-1&amp;h=3339912007&amp;u=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F1576979%2Flogo_debt_com_full_color_final_Logo.jpg&amp;a=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F1576979%2Flogo_debt_com_full_color_final_Logo.jpg\" target=\"_blank\" rel=\"nofollow\">https:\/\/mma.prnewswire.com\/media\/1576979\/logo_debt_com_full_color_final_Logo.jpg<\/a><\/p>\n<p>\u00a0<\/p>\n<p>SOURCE  Debt.com<\/p>\n<\/div>\n<p><\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p><i>Splurging may be surging this holiday season: survey finds 40% of beauty buyers will use credit or BNPL to afford gift giving.<\/i><\/p>\n<p><span class=\"xn-location\">FORT LAUDERDALE, Fla.<\/span>, <span class=\"xn-chron\">Dec. 7, 2022<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212; The nation&#8217;s largest provider of <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3729899-1&amp;h=501608219&amp;u=https%3A%2F%2Fwww.debt.com%2F&amp;a=debt+solutions\" target=\"_blank\" rel=\"nofollow noopener\">debt solutions<\/a> finds a spike in beauty-product buying that corresponds with record-high&#8230;<\/p>\n","protected":false},"author":1,"featured_media":141749,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[16],"tags":[],"class_list":["post-141748","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-moda-y-belleza"],"acf":[],"_links":{"self":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/141748","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/comments?post=141748"}],"version-history":[{"count":"1","href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/141748\/revisions"}],"predecessor-version":[{"id":141752,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/141748\/revisions\/141752"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media\/141749"}],"wp:attachment":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media?parent=141748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/categories?post=141748"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/tags?post=141748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}