Direct Link Between Fashion and the Economy

Paragraph: There is a direct relationship between fashion and the economy. Even things such as clothing trends or lipstick colors can be indicators of how the economy is doing. Consumers and fashion designers depend on each other because people spending money on fashion means the designers are generating income to keep their supply going. This also helps to keep the economy stimulated which is a big topic in political debates. Designers want the economy to do well because it boosts consumer confidence and will make consumer spending more probable and consistent.
Source:
Carreon, Blue. "Fashion and the Economy." Forbes. 27 Sept 2011: n. page. Web. 19 Dec. 2011. <http://www.forbes.com/sites/bluecarreon/2011/09/27/fashion-and-the-economy-in-milan-gucci-prada-versace-dolce-gabbana-and-more-spring-2012-shows

Statistics

1. New Yorkers are estimated to spend about 21 million on fashion week. (thebusinessinsider.com)
2. Women value their appearance so much, they spend an average of 7 billion per year just on their looks. (ywca.org)
3. The fashion industry provides over 175,000 jobs to Americans. (foxbusiness.com)
4. The fashion industry earns approximately 1.6 billion in tax revenue. (foxbusiness.com)
5. The average consumer is 15 percent more likely to purchase a discounted piece of apparel than a name-brand item. (American express.com)