Stop Blaming the Economy for EVERYTHING!

Things will turn around; they always do

In 2008, the unthinkable happened. The economy took a surprise downturn. The DOW dropped under 6,000 points, jobs were lost, and people’s 401k and other investments plummeted. Then something else happened: people started blaming the poor economy for anything and everything. I really question anyone with a job how this “terrible economic climate” really is affecting them. Please, tell me.

If you need proof, take one look at the booming business of casino’s, over-priced shopping malls and pretentious coffee shops selling their drinks for $5.00 each. If things were so bad, no one would be able to afford such luxuries, but we’re somehow still able to pull through and enjoy frivolous spending just as strong as in a good economy. The recession isn’t too blame for people’s lack of extra money or ability to save; the real problem is people’s lack of ability to give up things that they really don’t need. It all boils down to one question: what’s more important, fancy shoes, big screen TV’s and cigarette’s, or your financial security? If you say the former, that’s just fine, but you have no place to complain about anything then.

As young professionals, we need to understand the fact that bad economies are a simple fact of life. This isn’t the first recession our country has ever seen, and it probably won’t be the last. In fact, our country had a similar meltdown in the early 80’s to the point where people were jumping off of skyscrapers (years before the terrorist attacks in NYC) because they felt they had nothing to live for after losing so much money in the market. Guess what? We recovered, and the market surpassed even further than before that crisis.

I blame the media for people’s apparent lack of faith in our economy. Bad news sells much better than good news, which is why you never hear that we’re on a rebound now. The front page will never exclaim in bold print that the DOW is now well over 10,000 points (over 4,000 points higher than our low in 2008). No one wants to hear that. They’ rather have a scapegoat to excuse them for their poor spending habits and inability to budget their money.

So my challenge to all of you is to think twice before the next time you say something about the bad economy and how much it really is affecting you. Consider the fact that we are on the upswing from a bad couple of years, and that things will more than likely get better in the near future. When you’re standing in line at Starbuck’s, think if that cup of coffee that you’ll enjoy for 20 minutes is more important than your financial future.

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~ by Scott L. Clark on September 6, 2010.

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