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Why recession isn't all bad

June 19th, 2008 at 06:22 pm

I am not the only one who thinks recession may not be all bad.

Text is recession vs opportunity and Link is
recession vs opportunity

I have been thinking for years that America is a mite bit spoiled to be complaining of not being able to afford fancy vacations, or new cars every year.

Compared to most of the world, knowing about exotic locals to take a vacation is a luxury! The access we have to the internet or books (via library if needed) is amazingly cheap compared to the cost of water in most countries.

Not to mention seeing a car is rare for many people, while Americans use one for silly trips. (I live in a community where folk 4 blocks away drive to the pool.)

I honestly think a bit of a recession would be good for America. Well it would be good if we let folk start getting used to not being able to afford things. It isn't all bad to want IMO.

8 Responses to “Why recession isn't all bad”

  1. Petunia Says:

    Interesting article. We really do have a high standard of living for a relatively low cost.

  2. Koppur Says:

    I agree we (america) needs a shock as to what necessity is vs. luxury. My concern is that the recession will move into a depression and we (my family) won't be able to afford the necessary.

  3. ceejay74 Says:

    Great article! I hit my own financial crisis a few months before the news media started bombarding us with dire news, so I'd already started learning the joys of frugal living. Many Americans may benefit because, as the article points out, they'll learn to slow down and savor what things they can have.

  4. cindyg86 Says:

    I think it's a great article and definitely something that needs to be shared! But Americans are greedy and want want want! I have a feeling that a good number of Americans will revert back to their old spending ways once the economy is on the rise.

    These lessons are hard to learn and I don't think a lot of people are willing to listen.

    It's unfortunate.

  5. gamecock43 Says:

    i never thought about it that way. i like that perspective

  6. disneysteve Says:

    The one problem is that higher prices don't impact everyone equally. They have a much greater impact on those of lesser means. The price of bananas has jumped over 50% at our local store. Not a big deal to me but maybe enough to some that they can no longer afford bananas. An extra $1.00/gallon for gas is an annoyance for us but for some it crosses the line and makes driving nearly impossible. We have plenty of surplus and wiggle room in our budget. Many others do not. So while I agree with you (and the article) in a broad sense, I think recession makes the poor even poorer while not having that big an effect on the middle and upper class.

  7. klbb90 Says:

    My public library has a service where I can download books and now, movies to my computer, avoiding the drive to the library. There are 300-500 movies and many more books. The newer book releases might have a wait list. But, now I don't even have to drive to the library for a free movie, just download from their website. Wow!

  8. baselle Says:

    I think that gratitude for the things and services you still do have is our most powerful emotion.

    I agree with disneysteve on one level, but what is really happening is that the poor and poorer have always had a rough time but it was eased by the use of a credit card bandaid. Now the bandaid has been ripped off.

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