Yesterday, I covered part 1 of my list of recession proof businesses or jobs, and today I’m going to finish the list. I was inspired by an article on the Web site “How Stuff Works.”
Here are the remaining 5 jobs or careers that are considered recession proof:
- Vices – basically, smoking, alcohol, and gambling. And something else I won’t mention here as this is a family friendly blog.
. While some folks will cut back in order to save money, some will indulge their bad habits even more as a way with coping with stress. - Discount retail. Places such as Wal-Mart, Dollar Stores, and thrift shops do well during recessions. It makes perfect sense – people are looking to spend less, and these are the places to do it!
- Information Technology. It’s the age of the geek, baby! Technology isn’t going anywhere, and almost all companies make use of it one way or the other. Yes, jobs are being shipped offshore, but in at least some cases, this has gone so badly that jobs are now being relocated back to North America.
- Health Care. With an aging population, this makes sense – and for the most part, it can’t be outsourced!
- Non-cyclical businesses. Basically, this means stuff that people continue to need, regardless of how the economy is. So – people will still die (funeral homes), pay taxes (accountants), and need electricity, gas, and waste disposal (utility companies).
I hope you’ve enjoyed this list, and keep it in mind if you or anyone you know is thinking of making a career change. Heck, encourage your kids to look into some of these, and support you in your old age!
If you had to pick ones of these fields to work in, which would it be?
I work in the pretty recession proof industry of investment banking. In fact, right now we are the busiest we have EVER been.
Michelle recently posted..My $38,000 Student Loan Payoff Plan
Interesting. I work in the banking industry too and we seem to be humming along..
We work in advertising and you’d think that with the current climate that things would be slow, but (thankfully) we’re busier than ever.
John S @ Frugal Rules recently posted..4 Minutes That Changed My Life Forever II, a Thoughtful Thanksgiving
That is interesting. I guess it’s still out there – there’s just a change in the way it gets out – now you’ve got advertising on buses and in the train station!
I work in IT and there are so many jobs available, but not enough qualified people to fill them. This is definitely the industry to be in. Good List.
Grayson @ Debt RoundUp recently posted..6 Ways to Cut Back on Living Expenses
I imagine there’s a lot of specialized work that it’s hard to find people for..
I think the one you won’t mention will ALWAYS be recession proof unless something really big happens but I’m not crossing my fingers on that. I think that some stores like the big box would be safe but some of those shops in the mall might get hit hard. Great post lots to ponder.
Canadianbudgetbinder recently posted..The Grocery Game Challenge Nov 19-25-Black Friday and 35 Days Til Christmas
Heheh..you’re probably right about my “will not be named” item..
I would chose alcohol. I always wanted to own a bar. Or another leisure related business. I am amazed at how well local bars-restaurants are doing in spite of the recession, maybe because people don’t go so much on holiday so they need to go blow some steam on the weekends.
Pauline recently posted..Little house in Guatemala, week 3
Yup. I think going out is really not seen so much as a luxury these days and people always find money for it.
I’ve always thought it’d be fun to be a blackjack dealer! I know that when we go to the casino, we tend to enjoy playing more if the dealer is friendly and personable.
CF recently posted..Being evil to save money