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10 Businesses That Thrived During A Recession

1. Grocery stores

grocery stores are one of the few businesses that actually do well during a recession. People may not be able to afford to eat out as often, but they still need to eat. In fact, grocery store sales actually increased during the last recession.

2. Discount retailers

Discount retailers like Walmart and Target also tend to do well during a recession. People are looking for ways to save money, so they are more likely to shop at these types of stores.

3. Drug stores

Drug stores are another type of business that does well during a recession. People still need their prescriptions, and they may even cut back on other types of spending in order to afford them.

4. Home improvement stores

Home improvement stores like Home Depot and Lowe's also see an uptick in business during a recession. People may not be able to afford to buy a new home, but they can still make improvements to their existing home.

5. Auto repair shops

Auto repair shops also do well during a recession. People are less likely to buy a new car during tough economic times, but they still need to maintain their existing vehicles.

6. Janitorial services

Janitorial services are another type of business that does well during a recession. Even though businesses may be cutting back on other types of spending, they still need to keep their premises clean.

7. Child care

Child care is another essential service that does well during a recession. Even though parents may be cutting back on other types of spending, they still need to care for their children.

8. Maid services

Maid services are another type of business that does well during a recession. People may not be able to afford to hire a full-time maid, but they may be willing to pay for a one-time cleaning service.

9. Laundry services

Laundry services are another type of business that does well during a recession. People may not be able to afford to buy new clothes, but they still need to wash the clothes they have.

10. Funeral services

Funeral services are another type of business that does well during a recession. Even though people may be cutting back on other types of spending, they still need to bury their loved ones.