Top Definition
The trend of shunning ostentatious displays of wealth in favour of frugal spending which you will brag about to all your friends whether you are affected by the recession or not
She won't buy organic food anymore - she says it's such as luxury - she nows shop at wal-mart for everything which is so austerity chic.
#recession #econo-chic #recessionista #fashion victim #luxury shame
by sheikh bob frank May 06, 2009
5 Words related to austerity chic
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