According to Merriam-Webster, "austerity" was the most-searched word in its online dictionary this year, sparked by austerity measures announced by European governments. Runners up include "pragmatic," "moratorium," "socialism," and thankfully, no Jersey Shore-related phrases.
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Hm. The way it's casually abused in the States these days, I'm kind of surprised to see "socialism" on the list. Pleased. But surprised.