Guess Which of the Four Major Sports Is Recession Proof? from CNBC.com
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02-26-2013, 01:46 PM
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Originally Posted by
Hockey has fared better in America, relatively speaking, because the hockey fanbase is higher income and whiter. The Great Recession has hit the middle to lower income groups hardest. Black middle class was devastated as was the hispanic middle class.
The same lower income first time house buyers who benefited during the boom, were crushed by the bust.
It's the same reason MLS was able to grow during the Great Recession. Their fans were disproportionately rich, highly educated white people.
Same reason Apple did so well during the recession. The upper middle class hasn't been hit hard. They still have plenty of disposable income.
So, some people who belonged to the middle class were selectively effected due to their skin not being white? Money is a funny thing.
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