Indonesia's sold-out concerts, higher 6.6 sales amid market uncertainty: Is 'lipstick effect' at play?

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https://www.channelnewsasia.com/asia/indonesia-economy-lipstick-effect-concerts-lifestyle-spending-6200096

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Indonesia's sold-out concerts, higher 6.6 sales amid market uncertainty: Is 'lipstick effect' at play? - CNA

An economist says there are signs of the "lipstick effect", whereby consumers continue spending on small luxuries while forgoing bigger-ticket purchases like homes in challenging economic times.

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Indonesia's sold-out concerts, higher 6.6 sales amid market uncertainty: Is 'lipstick effect' at play? - CNA