Definition: A recession that impacts high wage earners and wealthy households much more than their lower-income counterparts
Origin: The term was created by Justin Lahart, a reporter for the Wall Street Journal.
Origin: The term was created by Justin Lahart, a reporter for the Wall Street Journal.
If the economy declined such that people, such as Mark Zuckerburg needed to concern themselves with the economy that would be a richcession.
We would only be in a richcession if the wealthy were more afflicted with financial woes than those that are lower-income..
We would only be in a richcession if the wealthy were more afflicted with financial woes than those that are lower-income..
by InfoBringer March 9, 2023
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Caused by the current (at the time of writing) Prime Minister of the UK, Rishi Sunak's policies and lack of economic involvement and investment to the UK economy causing a long-awaited recession. The portmanteau quickly gained traction after a few hours on X (formerly Twitter).
Caused by the current (at the time of writing) Prime Minister of the UK, Rishi Sunak's policies and lack of economic involvement and investment to the UK economy causing a long-awaited recession. The portmanteau quickly gained traction after a few hours on X (formerly Twitter).
by TheExplodingEevee February 15, 2024
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