The Washington PostDemocracy Dies in Darkness
Personal Finance

7 ways a recession could be good for you financially

Hey, a recession isn’t all bad news. Here are seven silver linings.

Advice by
Columnist
Updated September 29, 2022 at 10:41 a.m. EDT|Published September 28, 2022 at 7:00 a.m. EDT
Traders on the floor of the New York Stock Exchange on Sept. 23. (Spencer Platt/Getty Images)
5 min

In his first inaugural address in March 1933, President Franklin D. Roosevelt said: “So, first of all, let me assert my firm belief that the only thing we have to fear is fear itself.”

It was the Great Depression. The unemployment rate was over 25 percent. An estimated 12 million people were out of work, about one-fourth of the civilian labor force.