In a sagging economy it can be hard to look at anything from the bright side, but there are at least seven good reasons why you should.
Cheap stocks--Its a good time to buy at low prices to invest for the long term.
Cheap housing--For those looking to buy thier first home, prices have never looked better.
Thrift-- Americans are finally learning to curb some of their consumerism in favor of the coupon cutting ways of their grand parents, which will help shift the country from a nation of spenders to a nation of debt averse savers and investors.
Falling Gas prices--Remember when we were told gas would never come back below $4 a gallon? Shifts in preferences toward fuel efficient cars, public transit, and less driving overall have brought gas back under $2 a gallon in many areas of the country.
Better business practices--The recession was largely the result of businesses employing bad practices such as predatory lending. As many of these companies have gone bankrupt or been bought out, companies that survive will pursue more sound lending practices, and therefore will be less likely to fail.
Cleaner Environment--With people buying less and using less energy, there is less waste and strain on the environment.
Increasing financial education--With money on everyone's minds, they are become more educated about ways to save and how to make sound financial decisions. The recession was partially created by people making poor decisions, such as over using credit cards and buying homes that they could not afford. If people learn how to make wise choices, it reduces the chances of a severe recession in the future.
