Recession Rich

DEFINITION of 'Recession Rich'

A slang term used to describe an individual who manages to do well financially, relative to broader population, during a recession. Someone that is recession rich does not necessarily need to be considered wealthy, but rather has managed to maintain a good standard of living during a time when others worry about their financial stability.

BREAKING DOWN 'Recession Rich'

Coined during the financial crisis of 2008-2009, the term was most commonly used in social circles to describe someone from the same socioeconomic class who was enjoying financial success relative to his or her peers. Some examples of a recession rich individual would be someone who buys a luxury vehicle during an economic downturn, or an individual who spends disposable income freely rather than safe guarding his or her money.

RELATED TERMS
  1. Recession Resistant

    An entity which is not greatly affected by a recession. Recession ...
  2. Rose-Colored Recession

    The unexpected optimism market observers sometimes experience ...
  3. Growth Recession

    An expression coined by economists to describe an economy that ...
  4. Green Shoots

    A term used to describe signs of economic recovery or positive ...
  5. Empty Suit

    Someone who is high up in a company due to unfair hiring practices, ...
  6. Upper Class

    A socioeconomic term used to describe individuals who reside ...
Related Articles
  1. Economics

    Industries That Thrive On Recession

    Find out where to turn when looking to invest in a tumultuous market.
  2. Personal Finance

    9 Businesses That Thrive In Recession

    Some companies improve their bottom line as many people make more conservative decisions with money during a recession.
  3. Saving and Spending

    Why Advisors Shouldn't Fear a Recession

    Advisors who have clients who may fear a recession should take note that there is always some opportunity in a volatile market.
  4. Bonds & Fixed Income

    Tips For Recession-Proofing Your Portfolio

    Find out what to do when the sun sets on a burgeoning market.
  5. Investing Basics

    5 Reasons the Rich Are Better Investors than the Average Joe

    Find out five investment secrets of rich investors that make them better at investing than the average Joe. It's nothing you couldn't do yourself.
  6. Personal Finance

    Will Your Net Worth Be Affected By A Recession?

    Here's a look at how a potential recession could impact your net worth in a negative way.
  7. Home & Auto

    5 Long-Term Consequences Of The Recession

    Apart from the headlines about jobs, this recession is doing damage in other areas that goes unnoticed.
  8. Professionals

    3 Reasons For Job Seekers To Stay Positive During A Recession

    Don't be fooled by the doom-and-gloom headlines - a recession can actually have benefits for some companies and job seekers.
  9. Economics

    What Causes A Recession?

    Many factors contribute to a recession, but the biggest one is inflation.
  10. Investing

    What Is A Double Dip Recession?

    Learn the economic details behind the ups and downs of a double dip recession.
RELATED FAQS
  1. What's the best investing strategy to have during a recession?

    Figure out how to take advantage of recessions, what assets to buy and which ones to avoid. Recessions are where some great ... Read Answer >>
  2. Why does unemployment tend to rise during a recession?

    Learn what a recession is, some attributes of an economy in a recession, and why the unemployment rate tends to have a domino ... Read Answer >>
  3. Is cyclical unemployment always due to recessions?

    Learn about the mechanisms that cause cyclical unemployment and find out about the role recessions and downturns play in ... Read Answer >>
  4. What causes recessions?

    Learn more about possible explanations of recessions in the business cycle, including how individual firms react to changing ... Read Answer >>
  5. Do interest rates increase during a recession?

    Learn why interest rates do not rise in a recession; in fact, the opposite happens. Identify the factors that reduce interest ... Read Answer >>
  6. What causes a recession?

    According to the National Bureau of Economic Research (NBER), recession is defined as "a significant decline in economic ... Read Answer >>
Hot Definitions
  1. Labor Market

    The labor market refers to the supply and demand for labor, in which employees provide the supply and employers the demand. ...
  2. Demand Curve

    The demand curve is a graphical representation of the relationship between the price of a good or service and the quantity ...
  3. Goldilocks Economy

    An economy that is not so hot that it causes inflation, and not so cold that it causes a recession. This term is used to ...
  4. White Squire

    Very similar to a "white knight", but instead of purchasing a majority interest, the squire purchases a lesser interest in ...
  5. MACD Technical Indicator

    Moving Average Convergence Divergence (or MACD) is a trend-following momentum indicator that shows the relationship between ...
  6. Over-The-Counter - OTC

    Over-The-Counter (or OTC) is a security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, ...
Trading Center