The financial meltdown of 2008 has left a wake of discomfort not seen since the years following 1929. The trauma of this recent unique period has in effect created a “new” normal.
It’s been said “what doesn’t kill us only makes us grow stronger.” We can see this to be true regarding our economy. History will likely affirm that although painful, there were positive effects on our society, especially when it comes to money – how we manage it and our attitude toward it.
Consumers, businesses, and state and local governments are being more intentional about what they really need, especially when it comes to using debt. We are realizing the value of the limited resources we earn and how to better optimize them. Realistic assumptions are now more common.