Comments on: 3 Positive Effects From the Recession

By: Ashley Maynard

Ashley Maynard — Sun, 14 Aug 2011 17:16:52 +0000

Even though the economy is unstable there is a glimmers of opportunity rearing up it's head. Foreclosure Cleanup Cash Program…

By: Carnival of Personal Finance #235: The Cinderella Edition | Well-Heeled, with a mission

Mon, 14 Dec 2009 06:41:36 +0000

[...] Royal Office! (Suburban Dollar). The Royal Kingdom isn't doing so well, but might there be positive effects from the recession (Automatic Finances)? Cinderella and the Prince decide to look to other countries for [...]

By: Jason Unger

Jason Unger — Thu, 10 Dec 2009 15:23:11 +0000

Agreed, MBABriefs. Our economy has been so reliant on spending that we've forgotten the basics of personal finance: spending less than you earn, saving and investing for the future.

By: MBAbriefs

MBAbriefs — Thu, 10 Dec 2009 15:04:57 +0000

Excellent article. I'm glad to see someone with an objective viewpoint on the economy. Maybe a positive outcome of the recession is we as Americans will continue to spend less and save more and force the economy to adapt, instead of consumers adapting to the economy.

By: Jason Unger

Jason Unger — Thu, 10 Dec 2009 13:16:39 +0000

Jackie – great point. If anything, people are starting to realize that the financial industry (credit cards, banks, etc.) doesn't really have their best interests in mind, and if anyone is going to take care of them, they're going to have to do it themselves.

By: Jackie

Jackie — Wed, 09 Dec 2009 17:28:07 +0000

It's nice to see some positives highlighted. I think what's needed is a major overhaul of how we interact with the world financially, but it'd have to be pretty gradual.

Another benefit, I suspect, is that people are learning to embrace creativity. Probably more people are striking out on their own now out of necessity. They may have wanted to earlier but were afraid of giving up "security".