With the ever worsening economy and consumer sentiment in the “save” mode, it’s no wonder that areas where discretionary spending rule the mindset of getting something or getting something done, are suffering right now. Cosmetic surgery certainly doesn’t fall in the category of a necessity, so it makes sense that these elective and often very pricey procedures are being ignored or put off for now as people worry about whether their jobs may be in jeopardy over the next year or so.
Layoffs are expected to start coming in waves for many companies as the US enters what many are saying is a prolonged and deep economic recession. Recessions typically mean that citizens stop spending money on things, especially things that are not a vital necessity to sustain their life and comfort. Cosmetic surgeries that typically cost thousands of dollars, such as nose jobs, breast enhancement augmentations and liposuction surgeries are being opted out, but there has actually been an increase in the less expensive alternatives.
By less expensive alternatives, I mean botox or injectable fillers such as restylane and juvederm in lieu of procedures like facelifts, mini facelifts and other highly expensive facial treatments such as thermage and other procedures that cost thousands as opposed to hundreds of dollars.
Things have gotten so dire that groups of plastic surgeons whose business is suffering have gotten together in town hall style meetings to try to come together and solve this crisis with creative marketing and brain storming. A lot of people will see the prices of cosmetic surgery procedures go down, and lots of specials run in their areas, while some who live in more affluent areas where people can almost always afford the more expensive surgeries may not see any decrease at all in prices. It all depends on demographics really.
If you’ve been thinking about getting a procedure done, now may be the time to get a reduced price on one of them, but of course you should only think about it if you already have the money saved, since the economic future right
now is so uncertain.
