Are We Headed For a "Richcession"?

While the economic effects of the pandemic have been painful for millions, in stark contrast, there are some who continue to thrive. But that could be about to change... A "richcession" is a term coined by Wall Street Journal reporter Justin Lahart that proposes an economically turbulent future could disproportionally affect those with wealth... Usually low-income and middle class citizens feel most vulnerable while the rich remain shielded from the harshest impacts. But percentage wise, the middle and lower classes experienced more wealth growth throughout the pandemic than the rich, which is why a recession could actually hurt them more... Read more HERE...