It’s tragic really. Millions of lost jobs. Foreclosed houses at record levels resulting in plummeting home values. Our auto industry on the verge of implosion along with 7 million related jobs. IRA and 401k values shrinking and forcing employees to work longer to retire. State and local governments teetering on bankruptcy. It’s bleak and there’s a lot of pain.
But as with any pain, there are valuable lessons for all of us and hopefully we are wise enough to learn. As our economy resets, here are eighteen good consequences that will come as a result.