Plastic surgery rebounds as job seekers try to look younger

Plastic surgery and the economy. By Jessica Dickler, staff writer


NEW YORK (CNNMoney) -- As the U.S. economy gets a lift, so do faces.

More than 13 million cosmetic plastic surgeries were performed in the U.S. during 2010, up 5% from 2009, according the American Society of Plastic Surgeons, or ASPS.

Phillip Haeck, president of the ASPS, has noticed a sharp increase in plastic surgeries in his own practice. And much of his business is coming from men over the age of 55 who are concerned about keeping their jobs.

"It's very, very important that you hang on to your job in this market and men seem more willing to do things to keep that job," Haeck said.

Scott Livingston, 57, opted for blepharoplasty, or an eye lift, in December after considering it for several years. "I wanted to be competitive with the next generation in my field," the financial planner said. "You have to be the very best you can now, more so than ever and your image has a factor."

Livingston also says he recently tried botox and splurged on pricey skin creams to maintain a more youthful appearance.

Many others, still concerned about the expense of elective procedures, are now opting for injectable treatments, like botox and fillers, over surgical fixes.

While eye lifts rose 3% and facelifts grew 9% last year, injectables were up 12% and fillers, such as fat injections, jumped 14%, according to the ASPS.

"A lot of people want to take years off their face, get rid of lines around eyes, between the eyes and on the forehead," New York plastic surgeon, Norman Rowe explained. "But what the economy does is make people shy away from surgical procedures in favor of non surgical procedures, like botox and fillers, which are cheaper."

Rowe estimates that about 80% of his business consists of nonsurgical treatments. Those are particularly desirable for job hunters who are on a tight budget and also don't want to miss out on any opportunities during the recovery period.

"A lot of people, if they are looking for a new job, can't afford the downtime," he said.

Haeck predicts that as the economy continues to improve and hiring picks up, surgical procedures will be increasingly popular and cosmetic treatments across the board in 2011 will outpace even pre-recession levels. To top of page

Frontline troops push for solar energy
The U.S. Marines are testing renewable energy technologies like solar to reduce costs and casualties associated with fossil fuels. Play
25 Best Places to find rich singles
Looking for Mr. or Ms. Moneybags? Hunt down the perfect mate in these wealthy cities, which are brimming with unattached professionals. More
Fun festivals: Twins to mustard to pirates!
You'll see double in Twinsburg, Ohio, and Ketchup lovers should beware in Middleton, WI. Here's some of the best and strangest town festivals. Play
Overnight Avg Rate Latest Change Last Week
30 yr fixed4.20%4.30%
15 yr fixed3.28%3.30%
5/1 ARM3.53%3.34%
30 yr refi4.18%4.27%
15 yr refi3.26%3.27%
Rate data provided
by Bankrate.com
View rates in your area
 
Find personalized rates:
Index Last Change % Change
Dow 16,563.30 -317.06 -1.88%
Nasdaq 4,369.77 0.00 0.00%
S&P 500 1,930.67 -39.40 -2.00%
Treasuries 2.56 0.00 0.08%
Data as of 4:55am ET
Company Price Change % Change
Bank of America Corp... 15.25 -0.33 -2.12%
Micron Technology In... 30.55 -1.98 -6.09%
Apple Inc 95.60 -2.55 -2.60%
Facebook Inc 72.65 -2.03 -2.71%
Pfizer Inc 28.70 -0.56 -1.91%
Data as of Jul 31

Sections

Malaysia Airlines was in major trouble even before the twin disasters of Flight 370 and Flight 17 claimed the lives of 537 people. More

With RadioShack burning through cash, investors and credit rating agencies believe its days are numbered. More

LinkedIn shares surged in after-hours trading Thursday following strong second-quarter earnings, following the likes of Facebook and Twitter. More

Terrell White has had a profit-sharing plan for his employees since 1981, believing that if the staff isn't happy, guests won't be either. More

The Mason family, which has been struggling to pay the $100,000 student loan bill they were left with when their daughter passed away five years ago, is now seeing an outpouring of support. More

Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.