Alcohol Sales Grew During Recession

The old adage -- that the booze industry survives in a recession because people drink even when they're broke -- appears to be true, CNNMoney reports.

The bad economy has not stopped alcohol sales, according to industry analysts who say alcoholic beverage sales grew by nearly 10 percent from May 2010 to May 2011. During that period, the unemployment rate was more than 9 percent, CNNMoney reports.

In a recession, people continue to drink, although they tend to drink more at home instead of in a bar.

One analyst told CNNMoney that health care was the only other industry to maintain growth through the recession. 

Read the article here.