Word for the day — Recessionista

Business Week’s Christopher Palmeri reports that the word recessionista is making a come back.

Wordspy.com defines recessionista as “a person who dresses stylishly on a tight budget.”

Wordspy also notes that the number one term related to recessionista is conspicuous austerity — “2. a lifestyle in which a person openly and deliberately uses goods and services that convey a lower socioeconomic status.”

Palmeri notes year-to-date sales increases of 6% and 15% respectively for Salvation Army and Goodwill stores.

It is hard to believe that just four months ago (June), we were blogging about food and fuel price increases.

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