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What men's underwear sales says about the economy
According to economists (and even Alan Greenspan), men's underwear sales can indicate when the recession will end. Mostly, men's underwear sales are stable. But, sales have been slumping due to the recession. In fact, men's underwear sales are expected to fall 2.3 percent this year, the first drop since 2003 according to research firm Mintel. Mintel is predicting next year, men's underwear sales will fall .5 percent and that could indicate that the economy is truly turning around.
When did you last buy underwear? Any plans to buy some soon? It could mean the recession is easing.