Being Recession Proof

One of my favorite classes during my Junior year of Highschool- that would be more years back than I care to remember- was Economics. Not HOME Economics- just plain old economics. You know, where you learn to balance a checkbook and how to think about money. Well, there are a couple of things that I learned in that class that have really stuck with me over the years. One- using a credit card to purchase something you cannot afford is stupid. I knew that to keep a credit card on hand “just in case” would probably be too much of a temptation for me so that was not a good idea either. So, needless to say, credit card debt has never been a financial problem of mine. Not having enough money in general has always been my main complaint. The second thing I learned is that during the Great Depression there were a few industries that were unaffected by the nations economic state. Those have always been in the back of my mind any time I was thinking about “what I want to be when I grow up.” Incidentally, I still have not figured out that one.

The two “recession proof” industries that really stuck in my head were the medical and the entertainment industries. I ruled out both of those areas to find my career in. As I thought about the idea of recession proofing my life I began wondering if there are other industries that are safe in the face of the oncoming recession. After a 5 minute check of the internet I found a couple others- vices (cigarettes, booze, etc) and food. I wonder if I am the only one worried about this kind of thing right now… doubt it.