Will the US see a ‘richsession’ – or will economic turmoil hit the poor hardest?

[BrunGa]

Will the US see a ‘richsession’ – or will economic turmoil hit the poor hardest? An expected recession in the US will hit the richest Americans harder than those at the bottom, the Wall Street Journal said this week, coining the term “richcession” to describe the phenomenon. But analysts say there are reasons to believe any coming recession would unfold like the ones before, hurting the poorest the most.