Resilient in Recession
Well, this recession seems to have been dragging on for quite some time now doesn’t it? It’s been about 18 months and still there is no let up in the gloom; no recovery in the housing market, no increase in interest rates and one of the only good things is the massive reduction sales we are seeing- if only we had the disposable income to go and spend in them! However, there is one good piece of news for all those in the Cosmetic and Plastic Surgery industry; the industry seems to be highly resilient despite the continued economic recession.Â
A poll commissioned by Oxygen media has shown that, despite fears about job security and financial stability plaguing their generation, 63% of 18 to 34 year old thought positively about cosmetic surgery whilst the figure rose to 73% for those people aged 35-49. One of the lighter points of the survey was that 22% of women said they would rather have breast augmentation surgery than receive a diamond bracelet; one feels many male partners would also prefer spending money on a boob job than a decorative piece of jewellery as well.Â
Dr. Gilbert Lee, a U.S based plastic surgeon has spoken out about the buoyant industry, saying that: “Interest in plastic surgery remains very strong, despite the economy.” You can read other blogs on this page which might give an indication as to why this is. Almost 25% of women who took part in the survey said that, if they suddenly gained a windfall of $10,000, they would prefer to spend the money on cosmetic surgery rather than invest it; such an attitude may not be prudent but it certainly spells good times ahead for the plastic and cosmetic surgery industry.
This recession-beating skill is not just limited to the U.S, the British cosmetic surgery industry seems like it is going to be able to weather the storm as well. During 2008, when the economic storm first broke to mass media and market panic, there was a 5% increase in the number of surgeries performed on women within the U.K. This figure shows that here in Britain we really have a cosmetic surgery industry which is going to remain pert and resilient throughout the economic downturn. This can only be good news as, when the recovery comes, the cosmetic surgery industry will be in an unrivalled position.



My name is Faye and I am a journalism student at the university of portsmouth, working on my dissertation which will consist of a portfolio of fashion/beauty pieces relating to the impact of the recession on the fashion/beauty industries.
Would it be possible to get in contact with someone who could help me with some questions surrounding some of these issues please? Your articles have caught my eye.
Thankyou
Faye
Comment by Faye Craig — November 2, 2009 @ 4:21 pm