Is the “high heel index” able to predict economic growth?

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Beyonce and Olivia Rodrigo are embracing extra-high heels. They could be a sign of a return to eras of prosperity. You have heard of the hemline index. George Taylor, an economist, first proposed the hemline index in 1926. It states that skirts become shorter in times of financial prosperity while they get longer during recessions. Could a parallel theory be applied to women’s shoes as well? Can the height of your heels predict a boom or bust in economic terms as we move into an era where Covid measures are being relaxed and spending is gradually increasing?

The exaggerated heel has been trending (a possible harbinger for the so-called ) while the hashtag #pleaserheels (named after the high-arched shoe) has had more than 118m views on TikTok. Beyonce paired a Versace black dress with a matching jacket and super-heeled shoes with a matching Versace pair. Lady Gaga wore a baby blue body-con athleisure and extreme platform heels earlier in the month.

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