Ask Fear & Greed: Has the wealth effect lost its power?

Listener Rebecca asks: Can you explain the wealth effect? We’ve had house prices rising, but people are spending less - so does that mean the wealth effect doesn’t always work? Join Sean Aylmer & Michael Thompson as they answer listener questions. If you have your own question for Ask Fear & Greed, get in touch via our website , LinkedIn , Instagram or Facebook ! Find out more: https://fearandgreed.com.au/ See omnystudio.com/listener for privacy information.