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Richcession

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.

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..

by InfoBringer March 9, 2023