Funemployment

AAA

DEFINITION of 'Funemployment'

Unemployed individuals who decide to enjoy the free time that unemployment provides. The term was coined during the financial crisis of 2008-2009 to describe those who had recently lost their jobs and were choosing to use their newfound freedom to travel, go to the beach, be physically active and generally enjoy themselves until they found a new job.

INVESTOPEDIA EXPLAINS 'Funemployment'

People who describe their joblessness as funemployment are typically younger individuals with fewer fiscal responsibilities or people who have accumulated enough savings to enjoy the extra time their unemployment has afforded them. People who describe themselves as funemployed often point out that during times of recession, finding a new job can be a long and stressful process, so rather than spending their days worrying about their future, they take advantage of the chance to do things they would be unable to do if they were working.

RELATED TERMS
  1. Concealed Unemployment

    When people who are out of work are not counted in official unemployment ...
  2. Job Market

    A market in which employers search for employees and employees ...
  3. Unemployment Income

    An insurance benefit that is paid as a result of a taxpayer's ...
  4. Green Shoots

    A term used to describe signs of economic recovery or positive ...
  5. Recession Rich

    A slang term used to describe an individual who manages to do ...
  6. Recessionship

    A slang term used to describe an intimate relationship that forms ...
Related Articles
  1. Freelance Careers: Look Before You Leap
    Entrepreneurship

    Freelance Careers: Look Before You Leap

  2. Adapt To A Bear Market
    Investing Basics

    Adapt To A Bear Market

  3. Where's The Market Headed Now?
    Fundamental Analysis

    Where's The Market Headed Now?

  4. Tips For Recession-Proofing Your Portfolio
    Bonds & Fixed Income

    Tips For Recession-Proofing Your Portfolio

comments powered by Disqus
Hot Definitions
  1. Due Diligence - DD

    1. An investigation or audit of a potential investment. Due diligence serves to confirm all material facts in regards to ...
  2. Certificate Of Deposit - CD

    A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate ...
  3. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  4. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
  5. Ratio Analysis

    Quantitative analysis of information contained in a company’s financial statements. Ratio analysis is based on line items ...
  6. Days Payable Outstanding - DPO

    A company's average payable period. Calculated as: ending accounts payable / (cost of sales/number of days).
Trading Center