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JC Maldini · 07-30-2009, 08:58 AM

Was written by Kiplinger but posted on AOL main page....we are in the top 10 WOO HOO!!

Quote:

A 2009 CNN poll found that nearly 60% of Americans believe we're likely facing a depression. Although most Americans would, of course, suffer in an economic depression, some careers should remain strong, maybe even bolstered by tough times.

1. Accounting
Bad times increase businesses' and individuals' desire to wisely account for every last dollar.

2. Education
Even in the recent tough times, our political leaders are calling for increased education spending and voters continue to pass education bonds.

3. Entertainment industry
During the Great Depression, the movie industry boomed as people craved escapism and had time to burn. That would likely be the same today: the film, video game, sports, and creative arts industries should be viable.

4. Utility companies
This is the classic defensive investment. Even in the worst times, utilities stay cranking.

>> Find Jobs with a Utility Company.

5. Repairers
Home, car, commercial, industrial -- in a bad economy, the rule is don't replace; repair. For example, in a depression, struggling car manufacturers will more often opt to repair than replace a balky welding robot.

6. Energy industry
Despite all the media attention to solar, wind, etc., the nuclear industry may, over the next decade, create the most jobs.

7. Health care
Especially registered nurses, physician assistants, internal medicine physicians, dentists, optometrists, pharmacists, and physical therapy assistants.

There should also be a boom in jobs related to healthcare reform, a Barack Obama priority. Many government jobs in accounting, actuarial science, information systems and management should result.

8. Senior services
An increasingly aging population will increase the need for housing, home retrofitting, geriatric care management, and, of course, the aforementioned health care.

9. Law enforcement . Crime doesn't take a break in tough times. In fact, it tends to increase.

10. "Sin" industries
Jobs related to the liquor and sex industries have always thrived, in good times and bad. (Sin stocks may also make good investments. See The Virtues of Vice Stocks for more info.)

11. The clergy
People seek spiritual support in tough times.

12. The repossession, foreclosure and debt collection industries
For example, there will be jobs repossessing the big SUVs from owners who knew they couldn't afford them, but took advantage of no-qualification loans.

13. Government work
The Obama presidency is creating government jobs across the board but especially in homeland security, health care, accounting/auditing, information technology, and the IRS. The government has police powers to collect taxes in good times and bad, and so will be more impervious to economic declines.

Despite the stock market freefall and the continuing parade of business failures, I am cautiously optimistic that we will avoid a depression. But it's comforting to know that even in hard times, it should be possible to thrive.