Even in tough times, there's always beer money
June 8th, 2011
01:00 PM ET
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Alcohol sales climbed with little interruption throughout the recent recession, and have continued to expand in recent months.

This is in spite of - or maybe because of - the stagnant job market. So the old adage - that the booze industry survives in a recession because people drink even when they're broke - appears to be true.

"I wouldn't say it's recession proof," said Esther Kwon, an alcohol industry analyst for Standard & Poor's. "People will buy less and they will move to different venues, meaning moving to home instead of a bar. But people will continue to drink, regardless."

Read the full story on CNN Money - "Alcohol sales thrive in hard times"

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Filed under: Business and Farming News • News • Sip

soundoff (6 Responses)
  1. Carnie Vore

    In tough times, skip lunch and just drink a couple of stouts. You'll get a buzz plus the nutrients your body needs.

    June 9, 2011 at 10:38 am |
  2. SeaBee

    Must say that I am more a fan of the micro-brewery beers. Generally much better quality than most of the national brands.
    In a nod to MTM, Big Sky does do a fantastic job up there...plus, they have free tastings! :)

    June 8, 2011 at 3:37 pm |
  3. MT Miner

    In the famous words of Homer Simpson, "MMMMMMMMMMM, beer"

    June 8, 2011 at 2:45 pm |
  4. Truth

    Beer is a very liberal drink...Unsophisticated, cheap and without dignity. Much like the far left party of hate.

    June 8, 2011 at 1:55 pm |
    • Dixie Sugarbaker, of the Savannah Sugarbakers@Truth

      Is your pot stirring arm getting sore, sugar?

      June 8, 2011 at 3:01 pm |
      • Truth@Dixie Sugarbaker

        I tried to get the tipping thread going good...Quiet day at my office...

        June 8, 2011 at 3:32 pm |
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