Spending & Earning
Americans Are Spending Big on Cosmetic Procedures — and Wall Street Is Cashing In
Customers seeking everything from tummy tucks to lip fillers are borrowing to pay their bills and the debt is being packaged into bonds.
Financing for cosmetic surgery represents a new, unusual opportunity to put money to work.
Photographer: Patrick T. Fallon/BloombergThis article is for subscribers only.
Camille Weston’s breast augmentation carried a $7,000 price tag. Her insurance, of course, wouldn’t cover it.
But a lender happily would. So the 22-year-old Salt Lake City resident opened a credit line — interest free for six months — and went under the knife. The procedure could turbocharge her TikTok following and might help the social media agency she runs with her sister, too. She repaid the debt before a single cent of interest accrued.