What’s good about the economic downturn? (The Top 10)


Do you notice that the media is mostly focusing on what’s bad about the economy?

Every now and then, though, you get an interesting piece on what’s good.

For many people it has been hard not to feel discouraged. However, one habit of a Change Artist is to reframe a challenge from many perspectives.  Be wary of getting seduced into the perspective of the masses; you may be missing out on opportunities. As Ford Saeks says, “There is no lack of money, there is only a lack of good ideas.”

Below is a short list of what’s good for some people. These facts below came from personal stories shared by our clients, plus the following articles and books:

(you can check these resources out at the links below)

The Top 10

1. Not working?

People who are working less may have less stress and a more balanced life, enjoying more exercise, more time with family and friends, and more time for reflection.

2. Still working but with less resources?

Limitations ironically spark more creativity because people have to think in new ways to solve old problems. More creativity in turn tends to make people feel more vital and alive.

3. Can’t go to the mall so often?

People are more likely to break their addiction to consumer goods during a recession perhaps finding out for themselves that indeed “the best things in life are free”.

4. Can’t afford to drive?

People tend to drive less during a recession so there are fewer accidents and people tend to also get more exercise.

5. Need a new life?

During a recession more people go back to school or reinvent their lives in new ways that can feel more meaningful and exciting.

6. Can’t go fine dining?

More people eat at home, which means they eat more simply. They eat less rich foods and tend to lose more weight.

7. Feeling like you need help?

People tend to reach out more often for help from friends, family or professional counselling, which makes them feel more connected to their community.

8. Can’t afford the complications anymore?

People tend to re-prioritize and sell off things they don’t really need or use, creating less complication and clutter and more simplicity in their lives.

9. Noticing who really matters?

People tend to get more committed to their relationships when times are tougher, and often feel more love and enjoyment towards those in their inner circle.

10. Your society not working for you?

On the macro level, downturns tend to activate large, sweeping social change whereby priorities tend toward taking care of each other much more than in a booming economy. Also, more people volunteer their time for charities which makes them feel better at having made a difference.


Feel free to post your comments here on my blog.

I want to hear your own reframe on what’s good, or any other point of view you’d like to share.