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The Daily Dish - 2006-2011 archives for The Daily Dish, featuring Andrew Sullivan

The Silver Linings

By The Daily Dish
Feb 23 2009, 8:32 AM ET

Drezner lists 13 unexpected consequences of the recession:

Bad times are boon times for evangelical churches. Economist David Beckworth of Texas State University has crunched U.S. church attendance numbers and found that congregation growth at evangelical churches jumped 50 percent during each recession between 1968 and 2004.

Also, fiscal conservatism will rise from the dead:



Your kids will be savers. Macroeconomic realities in your childhood have a profound effect on your financial choices later in life, regardless of how much money you make, according to a study by economists Ulrike Malmendier and Stefan Nagel of the University of California, Berkeley, and Stanford University, respectively. The generation that grew up during the Great Depression, for example, was more risk-averse than its parents and its children when it came to money.

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