Comments on: Why the Recession Will Be Good for Us as a Country http://genxfinance.com/2009/01/05/why-the-recession-will-be-good-for-us-as-a-country/ Helping a unique generation achieve financial independence. Sat, 21 Nov 2009 05:51:06 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: Mack jackson http://genxfinance.com/2009/01/05/why-the-recession-will-be-good-for-us-as-a-country/#comment-121906 Mack jackson Fri, 11 Sep 2009 06:52:47 +0000 http://genxfinance.com/?p=965#comment-121906 Great post, i totally agree that recession is good for us, according to me we all know that saving money, spending limited money are very much essential points for our financial security but still we don't follow it. Recession is the way by which we all can learn how to save and spend without any tutor for that. Great post, i totally agree that recession is good for us, according to me we all know that saving money, spending limited money are very much essential points for our financial security but still we don’t follow it. Recession is the way by which we all can learn how to save and spend without any tutor for that.

]]> By: Ken http://genxfinance.com/2009/01/05/why-the-recession-will-be-good-for-us-as-a-country/#comment-102363 Ken Sun, 18 Jan 2009 13:11:00 +0000 http://genxfinance.com/?p=965#comment-102363 I couldn't agree with you more. Our society has been on a spending spree for the last decade and has adopted the 'gotta have it now" mentality. Many of those folks are having to bite the bullet for the first time. For some biting the bullet means losing their homes. It is a truly difficult time we live in and I hope we as Americans don't forget the lessons we are learning. Great stuff! I couldn’t agree with you more. Our society has been on a spending spree for the last decade and has adopted the ‘gotta have it now” mentality. Many of those folks are having to bite the bullet for the first time. For some biting the bullet means losing their homes. It is a truly difficult time we live in and I hope we as Americans don’t forget the lessons we are learning.
Great stuff!

]]> By: Weekend Linkage - January 11, 2009 http://genxfinance.com/2009/01/05/why-the-recession-will-be-good-for-us-as-a-country/#comment-101167 Weekend Linkage - January 11, 2009 Mon, 12 Jan 2009 05:31:39 +0000 http://genxfinance.com/?p=965#comment-101167 [...] Why the Recession Will Be Good for Us as a Country @ Generation X Finance [...] [...] Why the Recession Will Be Good for Us as a Country @ Generation X Finance [...]

]]> By: Weekly Roundup: Homemade Birthday Cake Edition | Frugal Dad http://genxfinance.com/2009/01/05/why-the-recession-will-be-good-for-us-as-a-country/#comment-101050 Weekly Roundup: Homemade Birthday Cake Edition | Frugal Dad Sun, 11 Jan 2009 11:01:54 +0000 http://genxfinance.com/?p=965#comment-101050 [...] of the Super Rich: The Big Problems They Keep Finding Contentment While Others Around You Want More Why the Recession Will Be Good for Us as a Country When Your Financial State Improves, Do Your Frugal Standards Change Lending Money to Family and [...] [...] of the Super Rich: The Big Problems They Keep Finding Contentment While Others Around You Want More Why the Recession Will Be Good for Us as a Country When Your Financial State Improves, Do Your Frugal Standards Change Lending Money to Family and [...]

]]> By: Weekly Round Up- How’s Those Resolutions? | Good Financial Cents http://genxfinance.com/2009/01/05/why-the-recession-will-be-good-for-us-as-a-country/#comment-100885 Weekly Round Up- How’s Those Resolutions? | Good Financial Cents Sat, 10 Jan 2009 07:41:45 +0000 http://genxfinance.com/?p=965#comment-100885 [...] at Gen X Finance had a good perspective on today’s economy Why the Recession will be good for us.  Sometimes to have a productive future, you have to get rid of the bad apples.  He adds, [...] [...] at Gen X Finance had a good perspective on today’s economy Why the Recession will be good for us.  Sometimes to have a productive future, you have to get rid of the bad apples.  He adds, [...]

]]> By: Relieved http://genxfinance.com/2009/01/05/why-the-recession-will-be-good-for-us-as-a-country/#comment-100785 Relieved Fri, 09 Jan 2009 17:03:36 +0000 http://genxfinance.com/?p=965#comment-100785 How refreshing. I actually had to search to find an article about why this situation is good. American overspending created the feel-good false economy we had. I just hope we have the guts to take responsibility for the problem we created in this generation, not force it on our kids. We're leaving them with a big enough mess already. I don't see buying lower cost dog food as a real sacrifice. I mean, living with your parents, taking in borders, doing what it takes to reprioritize. Sounds like we are still too used to living in luxury and on our own terms that we can't accept responsibility. What goes up must come down. How refreshing. I actually had to search to find an article about why this situation is good. American overspending created the feel-good false economy we had. I just hope we have the guts to take responsibility for the problem we created in this generation, not force it on our kids. We’re leaving them with a big enough mess already. I don’t see buying lower cost dog food as a real sacrifice. I mean, living with your parents, taking in borders, doing what it takes to reprioritize. Sounds like we are still too used to living in luxury and on our own terms that we can’t accept responsibility. What goes up must come down.

]]> By: Friday Finance Findings for January 9th : Generation X Finance http://genxfinance.com/2009/01/05/why-the-recession-will-be-good-for-us-as-a-country/#comment-100774 Friday Finance Findings for January 9th : Generation X Finance Fri, 09 Jan 2009 15:38:52 +0000 http://genxfinance.com/?p=965#comment-100774 [...] of The Current Economic Cycle - I talked a little bit about business cycles when referring to how the recession might be good for us, but the Digerati Life goes one step further and puts together a great collection of graphs to [...] [...] of The Current Economic Cycle - I talked a little bit about business cycles when referring to how the recession might be good for us, but the Digerati Life goes one step further and puts together a great collection of graphs to [...]

]]> By: Frank http://genxfinance.com/2009/01/05/why-the-recession-will-be-good-for-us-as-a-country/#comment-100453 Frank Thu, 08 Jan 2009 01:23:30 +0000 http://genxfinance.com/?p=965#comment-100453 Unfortunately, what you call Americans saving more and spending less actually seems to be lenders lending less and forcing consumption down. I think if you wait some time you may see consumer debt on credit cards climb as people try to live within the same standard of living. The current cut in spending is a forced savings plan that will not last forever. Unfortunately, what you call Americans saving more and spending less actually seems to be lenders lending less and forcing consumption down.

I think if you wait some time you may see consumer debt on credit cards climb as people try to live within the same standard of living. The current cut in spending is a forced savings plan that will not last forever.

]]> By: Debt Free Living, Cheap Family Meals, Used Kids' Clothes http://genxfinance.com/2009/01/05/why-the-recession-will-be-good-for-us-as-a-country/#comment-100416 Debt Free Living, Cheap Family Meals, Used Kids' Clothes Wed, 07 Jan 2009 20:27:45 +0000 http://genxfinance.com/?p=965#comment-100416 [...] X Finance: Why the Recession Will Be Good for Us as a Country. I love analyzing the recession and business [...] [...] X Finance: Why the Recession Will Be Good for Us as a Country. I love analyzing the recession and business [...]

]]> By: Jenn http://genxfinance.com/2009/01/05/why-the-recession-will-be-good-for-us-as-a-country/#comment-100251 Jenn Tue, 06 Jan 2009 16:52:32 +0000 http://genxfinance.com/?p=965#comment-100251 Like a voice in the dark, this post addresses what others are glossing over - the consumerism of American has got to be dialed back. Maybe what we (you/I) take as common sense, others have obviously not been doing so it is a novelty for them. America cannot continue encouraging spending on everything NOW and hoping Social Security will be around for later. Our savings rate is deplorable. But marketing and economy professionals keep telling us to spend, spend, spend to help the economy. When will the message be, spend wisely today and save for tomorrow. When retail numbers are released later this month, the moans from main street to wall street will be loud. But, it's just a correction in the overspending glut that American's have been living on since we decided that waiting was for everyone else. Like a voice in the dark, this post addresses what others are glossing over – the consumerism of American has got to be dialed back. Maybe what we (you/I) take as common sense, others have obviously not been doing so it is a novelty for them. America cannot continue encouraging spending on everything NOW and hoping Social Security will be around for later. Our savings rate is deplorable. But marketing and economy professionals keep telling us to spend, spend, spend to help the economy. When will the message be, spend wisely today and save for tomorrow. When retail numbers are released later this month, the moans from main street to wall street will be loud. But, it’s just a correction in the overspending glut that American’s have been living on since we decided that waiting was for everyone else.

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