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	<title>Personal Money Store Financial News Blog &#187; increased profits</title>
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		<title>Who Doesn&#8217;t Need Payday Loans?</title>
		<link>http://personalmoneystore.com/moneyblog/2008/12/31/who-doesnt-need-emergency-cash/</link>
		<comments>http://personalmoneystore.com/moneyblog/2008/12/31/who-doesnt-need-emergency-cash/#comments</comments>
		<pubDate>Wed, 31 Dec 2008 17:04:17 +0000</pubDate>
		<dc:creator>Elizabeth Fairchild</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Economy]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[emergency cash]]></category>
		<category><![CDATA[good news]]></category>
		<category><![CDATA[increased profits]]></category>
		<category><![CDATA[Payday Loans]]></category>
		<category><![CDATA[unemployment]]></category>

		<guid isPermaLink="false">http://personalmoneystore.com/moneyblog/?p=11137</guid>
		<description><![CDATA[After writing a couple of posts about how awful the economy is, I decided to switch gears and share some good news instead of focusing on recession woes.]]></description>
			<content:encoded><![CDATA[<h2>Search for good news ends well</h2>
<p>Americans are taking out more <strong>payday loans</strong>. Banks and auto companies are petitioning the government for <strong>emergency cash</strong>. Hospitals, airlines, retails stores and just about every other industry are taking nosedives.</p>
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<dt class="wp-caption-dt"><a href="http://commons.wikipedia.org/wiki/Image:NGC_Gamecube.jpg" rel="external"><img title="Photo of the console 128 bits Nintendo GameCube." src="http://upload.wikimedia.org/wikipedia/commons/thumb/4/45/NGC_Gamecube.jpg/202px-NGC_Gamecube.jpg" alt="Photo of the console 128 bits Nintendo GameCube." width="202" height="199"  style="display:block;float:right;"/></a></dt>
<dd class="wp-caption-dd" style="font-size: 0.8em;">My theory: Unemployment caused the increase in video game sales.<a href="http://commons.wikipedia.org/wiki/Image:NGC_Gamecube.jpg" rel="external"></a></dd>
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<p>But today, after writing a couple of posts about how awful the <strong>economy </strong>is, I thought &#8220;There have to be some industries out there that are doing well.&#8221; And what do you know, I was right. So I decided to switch gears and share some <strong>good news</strong> instead of repeating what everyone already knows. (Yes! It IS  recession!)</p>
<h3>Gamers just wanna have fun</h3>
<p>The <strong>video game</strong> industry is still thriving. <a title="Read article" href="http://money.cnn.com/galleries/2008/fortune/0812/gallery.kimes_bestindustries.fortune/index.html"  rel="external">Fortune </a>seems to think that the rise in unemployment has contributed to keeping the business successful.</p>
<p>And you know what? I think they are right. I was unemployed for a few weeks, and when I wasn&#8217;t looking for a job, you could find me somewhere near the <strong>GameCube </strong>or the <strong>Xbox</strong>. Some gamers are so obsessed with getting the newest games first, they take out payday loans to buy them on the day they&#8217;re released.</p>
<h3>Sitting pretty</h3>
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<dt class="wp-caption-dt"><a href="http://commons.wikipedia.org/wiki/Image:DiorLippenstift.jpg" rel="external"><img title="A typical tube of lipstick." src="http://upload.wikimedia.org/wikipedia/commons/thumb/5/5e/DiorLippenstift.jpg/202px-DiorLippenstift.jpg" alt="A typical tube of lipstick." width="202" height="185"  style="display:block;float:right;"/></a></dt>
<dd class="wp-caption-dd" style="font-size: 0.8em;">Even in though times, people won&#8217;t give up their lipstick for anything.<a href="http://commons.wikipedia.org/wiki/Image:DiorLippenstift.jpg" rel="external"></a></dd>
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<p>Some <strong>cosmetics </strong>manufacturers are seeing gains right now. While department stores are seeing low sales in clothing, jewelry and electronics, the beauty counters are still seeing a steady stream of customers.</p>
<h3>In the clear</h3>
<p>Not surprisingly, the <strong>waste management </strong>business hasn&#8217;t seen any decline. Some things are simply  necessary. Plummeting gas prices and consolidating companies have also helped the industry. Thank goodness this industry won&#8217;t need to ask for <strong>emergency cash</strong>. It&#8217;s one I never want to have to do without.</p>
<h3>Like home-cookin&#8217; but easier</h3>
<p>Another group of products that has generated increased revenue is <strong>comfort food</strong>. Kraft, well-known for its macaroni and cheese, raised revenue by 7 percent. Hormel&#8217;s grocery store sales increased thanks to a resurgence in Spam.</p>
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<dt class="wp-caption-dt"><a href="http://www.daylife.com/image/07ip12pbyA6gC?utm_source=zemanta&amp;utm_medium=p&amp;utm_content=07ip12pbyA6gC&amp;utm_campaign=z1" rel="external"><img title="SIERRA MADRE, CA - MAY 29:  Seventieth anniver..." src="http://cache.daylife.com/imageserve/07ip12pbyA6gC/150x100.jpg" alt="SIERRA MADRE, CA - MAY 29:  Seventieth anniver..." width="150" height="100"  style="display:block;float:right;"/></a></dt>
<dd class="wp-caption-dd" style="font-size: 0.8em;">Fortune refers to Spam as &#8220;the caviar of hard times.&#8221;<a href="http://www.daylife.com" rel="external"></a></dd>
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<p>This increase in <strong>Spam </strong>sales makes me wonder if Fortune should be categorizing this one &#8220;cheap food&#8221; instead of &#8220;comfort food.&#8221; However, because the article led with mac &amp; cheese, my personal comfort food of choice, I will let it slide.</p>
<h3><span style="font-family: zemantaDummyFont;">Survivors</span></h3>
<p>Another not-so-surprising statistic: <strong>Discount retailers</strong> are pulling in more money. Dollar stores and, of course, retail giant Wal-Mart have increased sales. In these hard times it&#8217;s no shock that people are trying to save however they can. This makes me ponder the question: <strong>Is middle-income the new low-income?</strong> If &#8220;average people&#8221; are turning to discount retailers for goods, that  likely means they can&#8217;t afford to pay regular price. In my opinion, if people have to seek out low prices instead of regular prices, that means they have a low income. Just a thought.</p>
<h3>Smart investment</h3>
<p><strong>For-profit education</strong> hasn&#8217;t taken a hit. Strayer Education, Devry and the Apollo Group all saw higher enrollment and jumps in revenue last quarter. It&#8217;s not too difficult to figure out why this is happening. As <strong>unemployment</strong> rises, people who have been laid off decide maybe it&#8217;s time to get that degree or technical certificate they&#8217;ve been thinking about. Or else they work for industries that are doing badly, and they figure it&#8217;s time for a change in career.</p>
<h3>Burger me</h3>
<p>Bachelors, college students and non-cooks everywhere still need to eat. But now, instead of grabbing lunch at the diner and spending $10 or $15, they are headed to a place that has something magical: <strong>A Dollar Menu</strong>.</p>
<p><strong>Fast food</strong> places including McDonald&#8217;s, Burger King and Taco Bell are all experiencing sales increases. What do these places have in common? You got it, the Dollar Menu.</p>
<h5>That&#8217;s it for the good news</h5>
<p>Well that wraps up Fortune&#8217;s roundup of industries that won&#8217;t be asking for <a title="Visit Personal Money Store" href="http://personalmoneystore.com/" >emergency cash</a> any time soon. Happy 2009, and make sure you use <strong>payday loans</strong> wisely.</p>
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