This post is not about budgeting for your Summer fashion splurges. No, it’s way bigger than that! It about boosting the entire economy!
How? By hiking up your hemline! Theory and historical data demonstrate that as skirt lengths rise, so does the stock market. So, what’s a mom to do? This season both long and short styles are on trend. Will going long take the economy back into a losing streak?
This Gap maxi is definitely depressing…
Will a micro mini boost Bay Street? You can’t get more micro than this Guess white demin
scarf, I mean skirt…
There’s only one thing to do. Get some advice from our very own urbanmoms financal expert, Kristine Douglas.
“Well, longer skirts have been in fashion during bear markets, and, during economic booms, the mini always seems to be in style,” says Kristine. “With the volatilty we’re seeing lately, my best advice is to have a diversified portfolio”
Schick Quattro for Women has created this chart to show that as hemlines rose in the Roaring 20s so did stock prices, but during the 1930s market crash, long skirts were in fashion. And miniskirts flooded the runways during the economic boom in the 80s.
Ahhh! Relief – a nice, knee-length from Banana Republic…
Tell us in the comments section below whether you will be going long or short this summer, and what you think of the correlation between economic and hemline ups and downs.
I liked this article, too Katie. Given my shape, I also prefer a below the knee length. And I tend to think that hemlines are more a reflection of the mood of the times (short and risque during booms, long and sombre during recessions). Ingenious of Schick to point the trend out, though…ladies, get out your razors…the economy’s on the way up and so are hemlines. LOL
Very fun article, Katie. I prefer my lengths just under the knee, but my favourite new skirt trend that I’m seeing this season is pockets (perhaps to keep my spare change close by?)