Useless Thread CCXLV : Krishna for Team Leader
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02-26-2013, 07:02 PM
Back to reality
Join Date: Feb 2011
Originally Posted by
Finnish your Czech
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.
My old business studies teacher said the UK bakery franchise Greggs did well during the recession because people were depressed so bought their food (which is cheap) a lot
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