what tattoos tell us about the economy

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WHAT TATTOOS TELL US ABOUT THE US ECONOMY READ THE FULL ARTICLE ON BLOOMBERG VIEW PETER ORSZAG

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Page 1: What Tattoos Tell Us About The Economy

WHAT TATTOOSTELL US ABOUT

THE US ECONOMYREAD THE FULL ARTICLE ON BLOOMBERG VIEW

PETER ORSZAG

Page 2: What Tattoos Tell Us About The Economy

At the end of 2014, 40% of householdsincluded someone who had body art inthe form of a tattoo.

Page 3: What Tattoos Tell Us About The Economy

At the end of 2014, 40% of householdsincluded someone who had body art inthe form of a tattoo.

Compared to 21% in 1999…

Page 4: What Tattoos Tell Us About The Economy

What did this say about the American economy?

Let’s check out some key tattoo stats thatpinpointed the correlation between body art andeconomic standing.

Page 5: What Tattoos Tell Us About The Economy

50% of people with only highschool diplomas or less had ahousehold member with a tattoo.

Page 6: What Tattoos Tell Us About The Economy

50% of people with only highschool diplomas or less had ahousehold member with a tattoo.

compared to 22% of people whopursued a graduate level degree.

Page 7: What Tattoos Tell Us About The Economy

Another study from the Journal ofthe American Academy ofDermatology found that 40% ofpeople without high schooldiplomas had tattoos.

Page 8: What Tattoos Tell Us About The Economy

Another study from the Journal ofthe American Academy ofDermatology found that 40% ofpeople without high schooldiplomas had tattoos.

Compared to 14% of people with acollege or graduate degree whohad a tattoo.

Page 9: What Tattoos Tell Us About The Economy

From the 2004 study, Additional tattoo factors noted were:

Page 10: What Tattoos Tell Us About The Economy

From the 2004 study, Additional tattoo factors noted were:

Age

Page 11: What Tattoos Tell Us About The Economy

From the 2004 study, Additional tattoo factors noted were:

Age Gender

Page 12: What Tattoos Tell Us About The Economy

From the 2004 study, Additional tattoo factors noted were:

Age Gender Whether the person spent at least 3 days in jail

Page 13: What Tattoos Tell Us About The Economy

From the 2004 study, Additional tattoo factors noted were:

Age GenderWhether the person spent at least 3 days in jailWhether the person had military experience

Page 14: What Tattoos Tell Us About The Economy

From the 2004 study, Additional tattoo factors noted were:

Age GenderWhether the person spent at least 3 days in jailWhether the person had military experienceWhether the person has a past of recreational drug use

Page 15: What Tattoos Tell Us About The Economy

In summary, the study showed people whowere less educated and took part in riskierbehaviors were more likely to have tattoos.

Page 16: What Tattoos Tell Us About The Economy

In summary, the study showed people whowere less educated and took part in riskierbehaviors were more likely to have tattoos.

Does having a tattoo affect someone’sbehavior and life overall?

Page 17: What Tattoos Tell Us About The Economy

In summary, the study showed people whowere less educated and took part in riskierbehaviors were more likely to have tattoos.

Does having a tattoo affect someone’sbehavior and life overall?

Not necessarily.

Page 18: What Tattoos Tell Us About The Economy

Researchers found, lower earnings fortattoo owners was not directly relatedto the body art. Those with tattoosearned less regardless of if they had atattoo or not.

Page 19: What Tattoos Tell Us About The Economy

Researchers found, lower earnings fortattoo owners was not directly relatedto the body art. Those with tattoosearned less regardless of if they had atattoo or not.

But...

Page 20: What Tattoos Tell Us About The Economy

Researchers found, lower earnings fortattoo owners was not directly relatedto the body art. Those with tattoosearned less regardless of if they had atattoo or not.

But...

Another study found that someonewith a tattoo could have a moredifficult time securing a job oversomeone without a tattoo.

Page 21: What Tattoos Tell Us About The Economy

According to a survey done by researchers at CoastalCarolina University, having a tattoo decreased the probabilityof being hired from 88% to 70%.

Page 22: What Tattoos Tell Us About The Economy

What does the rise of tattoos suggest?

Page 23: What Tattoos Tell Us About The Economy

What does the rise of tattoos suggest?

Here is my guess.

Page 24: What Tattoos Tell Us About The Economy

The rise of tattoos reflects a broadertrend of anti-establishmentarianism.Having a tattoo is a permanent symbolof rebellion, signaling that you don’tbuy into the norms established by anout-of-touch elite.

Page 25: What Tattoos Tell Us About The Economy

Expect tattoos to become even more popular, as long asmost Americans' sense of opportunity and upwardmobility remains limited.