Thursday, April 10, 2008

No money, no beauty

After years of steady growth, the multibillion-dollar Cosmetic surgery business has hit a rough patch. Consumers are cutting back on discretionary spending.

The sub-prime loan crisis, the housing slump and the general decline of the economy have claimed another covey of victims. Under current conditions, the cosmetic treatments -- at $1,800 or more a pop -- can no longer be squeezed into people's budget.
And what's been happening in Beverly Hills is apparently happening around the country. After years of steady growth, the cosmetic surgery business seems to be going through a rough patch.

Doctors don't like to talk about it publicly, but plastic surgeons from the Southland to South Florida said some colleagues are struggling to stay in business.

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