Botox Takes a Hit from Flailing Economy

| Tue Apr. 8, 2008 6:28 PM EDT
The effects of the struggling economy are finally trickling up. The Los Angeles Times reports that local LA resident Goldy Anthony has had to give up her regular botox-cum-ladies-who-lunch appointments in Beverly Hills because, well, at $1,800 a session (not including lunch), she no longer has the pocket change to spare. With the announcement last week that 80,000 American jobs were cut in just this past month, and foreclosures sweeping the nation, it's hard to bemoan the casualty of Goldy's botox procedures, and that she will no longer be able to inject toxins into her face to achieve that eerily placid perma-expression.

But the whole thing is making cosmetic surgeons pretty nervous. One doctor claims his number of surgeries decreased by "5% in January and February," while other doctors are reportedly "off by 30% to 40%." Although we may easily shrug off cosmetic surgery, the fact that the economic downturn has reached this sector indicates that even the wealthy are being forced to cut back—which is not a good sign for consumer spending. Over at Slate.com, though, William Saletan is rejoicing that elective cosmetic surgery has taken a small hit. Cosmetic procedures have increased 457 percent since 1997. Now, maybe doctors will get back to the true meat and potatoes work of practicing medicine.

—Joyce Tang