The concept of “recession core” has become a growing trend among the elite. Recession core is a lifestyle focused on the appreciation of quality over quantity, emphasizing the value of experiences and thriftiness when it comes to spending money. Since the recession of 2008, recession core has become increasingly popular among those who have the financial means to spend money on luxury items, but choose instead to invest their funds in more meaningful, sustainable purchases. The idea is that a person can still live a luxurious lifestyle without breaking the bank, and instead focus on building meaningful relationships, experiences, and investments. The elite have embraced recession core for its ability to help them save money without sacrificing their lifestyle, and for its ability to bring a sense of social responsibility to the way they spend their money.
Read the full story on our sister site, the Village Voice, here.
