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Have You Helped These Seven Recession Winners Succeed?

It's not all bad news these days. Some businesses have been growing and making money throughout the recession; people haven't stopped spending money, they're just spending it differently.

Brian Hamilton, CEO of Sageworks Inc (a company that analyzes weekly financial data) commented, "Our data show that companies selling non-discretionary products and services, things that people really need, are doing pretty well." There are seven industries he highlights as doing particularly well in spite of the economy.

  1. Auto and home repairs: People are investing in the items they already own.
  2. Supermarkets: More consumers are trying to save money by eating at home.
  3. Trade schools: People are learning new skills to make themselves more marketable.
  4. Dentists: According to Sageworks' data, the average dentists' office sales grew of 6.9 percent in the last 12 months.
  5. Personal care: Hair salons, barber shops, nail salons and spas have shown solid growth in the last 12 months.
  6. Accountants: Revenue for the accounting industry has grown 10.2 percent in the last 12 months.

Have you contributed to the success of these industries?

Source

Join The Conversation
jadenirvana jadenirvana 8 years
Agree, number 5 shocks me. Hair salons and manicures were the first thing to go for me.
ilanac13 ilanac13 8 years
i think that i have. we cook at home a LOT ...so that's something that helps and i get manicures quite frequently. i figure that spending $10 isn't too much if it makes me feel better :)
bellaressa bellaressa 8 years
Just the supermarket for me.
Chouette4u Chouette4u 8 years
I wonder why dentists are doing so well. Even with good dental insurance, you can end up having to pay A LOT out of pocket.
runningesq runningesq 8 years
Yup to Supermarkets, nail salons, dentist
Spectra Spectra 8 years
I've actually cut down on manicures by learning how to do them myself at home. And I don't need to pay for a mechanic because my husband's ASE certified, so he does all our car repairs. I definitely believe in keeping your car as long as you possibly can because new vehicles are money-suckers. We drive beaters and drive them for 15-20 years until they die from rust and too many things going wrong at once, lol. I've always bought most of our food at the supermarket, so I guess I could say I contribute there, but doesn't everyone buy groceries?
expresso14 expresso14 8 years
No, I found a friend who will cut my hair for free and have been doing my own manicures.
Deba22 Deba22 8 years
Yep! I go to my nail salon weekly and am going tonight with LL! ;-)
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