What I Miss About the Recession
The recent "Great Recession" was officially deemed to be over in 2009, but it is only recently that the economic recovery seems to have really picked up speed. While it is nice to see the stock market go up and the unemployment rate go down, I do miss a few things about the recessionary years. I'm not actually looking forward to the next recession, of course, but when it comes (and it will, some time), here's what I'll be looking forward to more of. (See also: Preparing for a Recession)
Lately I have definitely felt that traffic has increased during commute hours. It is great that more people are getting jobs, but I do miss the shorter commute times and less congested roads. Apparently the increase in traffic is happening all around the country, and the National Safety Council reported the first increase in traffic related fatalities in years.
During the recession we rarely had to wait for a spot at a restaurant, but now that is very common. Restaurants that did not need a reservation during the recession are bustling once again. It is great to see establishments have more business, but it was nice to eat in sparsely populated dining rooms where it was easier to hear your friends across the table. There were also shorter lines at many malls and parks.
It was much easier to find a bargain during the recession. You could negotiate down the price of almost everything, including rent. Hotels and travel were also cheap, and there were more restaurant coupons than I could use.
Lately I have definitely seen fewer sales and coupons and an increase in prices on most goods and services. Large ticket items such as furniture and real estate were being sold at below replacement cost during the last recession, but now it is much more difficult to find a bargain that good.
Frugality and Saving
In the last few years everyone talked about saving instead of buying that next big thing. The frugal people were suddenly not so crazy!
Now it seems that the tide is turning, and saving money is beginning to be uncool again. The zero interest environment does not help the savers' argument at all, and there seems to be less urgency for everyone to save as a whole. The funny thing is that saving during the lean years when you have less income is much harder than saving during the flush years. I do miss that more people cared about saving money during the recession, and I hope they realize that they should try to save more now to prepare for the next recession.
There are many things about the last few years that were not very nice, but I definitely saw the brighter side of the worst economy since World War II. I hope some of you were able to get some great bargains that you could use for years to come, and that you are keeping up those good frugal habits you have learned. In the next recession those who have cash will have many more choices than those who don't.
What do you miss about the recession?
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