The only one who is gaining benefits from the recession is the English language: as we are growing poorer, the English language is growing richer. The latest trend in the most famous online dictionaries (Collins, Merriam-Webster , Cambridge, etc) is to stay current with language changes, word usage, slangs, jargons, and neologisms. Each year the dictionaries add new words that have been accepted by the common parlance and competitions are being launched each year in order to find the word of the year. The “ word of the year ” competition, abbreviated WOTY, is a competition for voting the most important word o in the public sphere during a specific year. In the last five years, the list of new, officially recognized words by Merriam Webster’s WOTY include a number of terms that are a true product of our times. In 2008 the word was bailout , “a rescue from financial distress.” In 2009, staycation , “a vacation spent at home or nearby.” In 2010, austerity , “enforce