Even Paris Hilton can't shop America out of this recession

The media, WalletPop included, have a bit of an obsession with Paris Hilton. We admit it. So it's no surprise that we were interested in learning just how much the media darling takes home each year.

Thanks to a lawsuit, which claims -- tsk tsk -- that Ms. Hilton didn't fulfill her duties as an executive producer, we now know that she pulled in a respectable $22 million during 2006 and 2007, from various business activities and public appearances.

Even if Paris' finances suffer the same 10% cut as her television show, it's safe to say that Paris' continued exploitation of herself and the media's obsession with her will continue to provide her with enough disposable income to make good on her recent promise to save the economy, one shopping trip at a time.
For simplicity's sake we'll assume that Paris earned an even $11 million in 2006 and another $11 million in 2007 and continued to make similar amounts through 2008. Even a 10% reduction in earnings would still leave the 28-year-old with close to $10 million to satisfy her shopping urges.

So what will $10 million in recession fighting shopping trips yield for the economy?

Sadly not a whole lot.

Even if the entire $10 million went directly to profit it would still leave,
Though the extra income would be appreciated, her $10 million shopping spree wouldn't even put a dent in the debt held by General Growth Properties, the second largest mall in the U.S., which filed bankruptcy on April 16.

Despite her good intentions it seems that Paris just doesn't make enough money to single-handedly shop the U.S. out of a recession. Either we need to start paying her more money or look for a different solution to save the shopping malls of America.

Increase your money and finance knowledge from home

How Financial Planners go Grocery Shopping

Learn to shop smart and save.

View Course »

How much house can I afford

Home buying 101, evaluating one of your most important financial decisions.

View Course »

Add a Comment

*0 / 3000 Character Maximum