Wealth

What is a richcession? Term coined by reporter hints at new type of recession in 2023.


Will the U.S. economy enter a “richcession” in 2023? And how bad will it be? These are not the questions economists have been asking because they’ve been too busy worrying about a recession. But this time, any downturn in the economy could really be different. It could end up being a richcession, the …

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