New Words for a New Economy

Does the recession have you reaching for new words? The Chicago-based ad agency Cramer-Krasselt has come up with a list of the year's top new terms, including "Econnoisser" and "Homedulgence."

Here are a few of my favorites:

• 201(k) (n) What’s left of a 401(k) after a recession.

• Daylighting (v) Working a second job while on the clock for your first job.

• Econnoisseur (n) An individual who takes great pride in finding high-quality items at low prices.

• Enoughism (n) The realization that one has more stuff than they could ever possibly need or use.

• Flexinomics (n) A practice of renting or leasing so as to remain financially flexible and nimble in bad economic times.

• HENRY (n) An acronym for High Earner Not Rich Yet. Refers to people who have healthy paychecks but aren’t rich.

• Homedulgence (n) An activity spurred on by the recession which seeks to replace going out. E.g., cocktail parties instead of bar nights and dinner parties instead of expensive restaurants. (Source: WordSpy.com)

• Perkonomics (n) Small add-on benefits offered to consumers by companies to get or retain business.

Do you have some of your own? Share the words and definitions below.

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