rainbow umbrella in mass of black umbrellas getty Conventional wisdom holds that when the economy flounders, the well-heeled don’t skip a beat and keep spending while everyone else cuts corners and pu...
Tag: richcession
Inflation Is Creeping Up On The Rich
| Getty Images Key Takeaways Rapper Cardi B took to Twitter to highlight high grocery costs. The latest Consumer Price Index report indicates costs have risen by 7.1% in the last year. The rising cost...
Are We Headed For A ‘Richcession?’ Why The Wealthy Stand To Lose The Most If The Economy Stalls
| Getty Images Key Takeaways Recessions generally have an outsized impact on working and middle-class workers. The tight job market could protect lower-wage employees from potential layoffs during a r...