Money Matters

December 30, 2008 9:12:45 AM PST
Consumer confidence is at an all-time low, unemployment rates at their highest, and many industries are losing ground. The economic outlook for the upcoming year is not-so-good.

That's why I was surprised when I read today on CNNMoney.com that some industries actually are flourishing in this economic downturn.

The article outlines 7 industries that are thriving.

Video games are a hot commodity. Research firm NPD Group says video game sales increased 18% in October. Thanks to the Xbox, Microsoft reportedly had its best Black Friday.

Waste management is still raking in profits, partly because of industry consolidation and low energy costs.

The article also says cosmetics are making a pretty penny.

Other industries turning profits include, discount retailers, fast food restaurants, and for-profit education.

And, companies that provide Americans with some of their favorite comfort foods, like General Mills, Kraft, and Hormel, posted sales increases.

It goes to show that some of life's little pleasures can be recession-proof.


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