Wrinkles and the Income Gap

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Photo taken at a distance so you can't see the wrinkles!

Photo taken at a distance so you can’t see the wrinkles!

When my husband lost his job in the 2009 recession, we cut all non-essential expenses. But even after he was still looking 9 months later, I held off on cancelling my mail-order wrinkle cream. It seemed like giving up on the dream of staying put in the middle class. (My other dream to get rid of spider veins did go on hold, however, since that would cost thousands not covered by insurance, least of all our only-if-you-get-hit-by-a-bus stop gap plan.) My husband did finally get a job. But now I’m eying the wrinkle cream as a possible budget cut now that our older son is headed to college in a year.

And so, like many other Americans—mostly women—my face tells you my economic story: it’s OK, but it could be a lot better.

Like many families, we are working harder to stay in the same place. According to most statistics (CBO, etc) real family income for the vast percentage of us has been dropping since the 1970’s. During the same period, plastic surgery for the upper income –and even upper middle—group has grown exponentially. More than 14.6 million procedures in 2012, according to the American Society of Plastic Surgeons (ASPS). Americans spend more than $14 billion A YEAR on cosmetic surgeries and procedures. And boomer men are getting in on the action in order to “stay in the game”—i.e. find and keep meaningful work.

But apparently there’s hope for all of us without deep pockets to rejuvenate our looks and keep our visual brand young. Just as you can finance a college education, a house or a car, you can get financing for plastic surgery procedures! More than $1 billion of procedures every year is financed by companies such as medical credit cards (low intro rates, then they hit you with interest and fees), unsecured medical loans or even special doctor payment plans. Maybe there’s a face lift in my future after all?

Amy DeLouise, wrinkles and all, is a multi-media producer and branding consultant.

 

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