Jason Schenker(@PrestigeEcon):One of the most important forces that drives growth in the #economy is a wealth effect. That's when people spend more because they feel wealthy, driving up consumption. With financial #markets falling, what's next? When the stock market and housing price…

Jason Schenker

@PrestigeEcon

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Jason Schenker@PrestigeEcon

2022.05.22 18:55

One of the most important forces that drives growth in the #economy# is a wealth effect. That's when people spend more because they feel wealthy, driving up consumption. With financial #markets# falling, what's next? When the stock market and housing price…