The Economy and Underwear

Believe it or not a barometer for how well the economy is doing might just well be based upon the amount of sales of underwear Americans are buying. That's right, underwear sales. Perhaps a call to Bergner's or Penney's is in order to find out if the Quincy economy is on the upswing. Yearly underwear sales jumped 6.6% in 2011 according to the April 9th edition of Time Magazine. And according to the Underwear Index, named by Alan Greenspan a few years ago, the economy is heading upward. According to Greenspan's thinking, a sales upswing in household staples like boxer briefs is a likely sign that people are feeling better about spending money on these items where before those boxers just might have to last a few more months before a purchase would be made.