"It's not the money I will miss, it is the things"
-- Private Judy Benjamin
The 'Wealth Effect' is the money people spend when they become wealthier, often because of rising stock & housing prices. Will people continue to spend if assets do not rally in 2018?
![](https://4.bp.blogspot.com/-lpKFkCaQv70/WxhOtEHhmzI/AAAAAAAAFZM/FA_1JHqbLuYdfS-_2KRCZg2G9D4N18L_gCK4BGAYYCw/s400/398B416200000578-3855038-image-a-13_1476961417571.jpg) |
2018 may not have a positive wealth effect |