Andrew Sullivan posted this as Infographic: Tax Breaks vs. Budget Cutson his Daily Dish blog on The Atlantic. He traced it back to this possible origin, which has a lot of detail at the bottom about sources and assumptions. I apologize for politics, not my normal fare on this blog, but it’s such an eloquent chart; I couldn’t resist.
I had to ask myself: is this what our priorities are?
Home movie rentals: up during recession. Netflix, Redbox and others are way up over last year. From The Atlantic.
Urban farming: More people grow their own food during recession. “The National Gardening Association has found that 19 percent more people will grow their own fruit, berries, vegetables and herbs this year than last, and 54 percent say they are motivated by the prospect of saving money on groceries.” From Kiplingers.
McDonald’s sales: apparently cheap meals do better during recession. McDonald’s same-store sales are up 7.1%. From the Washington Post.
Going to the movies: normally up during recession. Up 9% for the first quarter of this year, compared to 2008. Kiplinger.
The underwear index: sales of men’s underwear go down during recession. Economizing? They’re down 2.3% for 2009. Huffington Post, quoting Alan Greenspan.
Dating increases during a recession: Match.com is way up. Kiplinger.
The necktie index: sales go up during recession. Job interviews? They’re up 50% this year. From The Telegraph.
(Ugh, I don’t like this one) New York Magazine proposed the hot waitress index: “the worse the economy, the hotter the waitresses.” That’s dumb. It shouldn’t have been included.
Lipstick index: supposedly lipstick sales go up in recession. Affordable luxury? But they’re down this year. The Economist.
The Bed Bath and Beyond Barometer. Proposed by Time Magazine. The explanation is that consumers who can’t go out or away upgrade their home. Ho-hum.