
Are We in a ‘Richcession’? Why the 2025 Slowdown Is Hitting the Affluent First
The 2025 economic narrative in the United States is taking an unexpected twist. Traditionally, recessions have started by impacting the working class first—factory layoffs, service industry slowdowns, and wage stagnation. But this time, the slowdown seems to be hitting America’s affluent population first. It’s being called the “richcession,” and its consequences could be more far-reaching…