Episode 98: What is The Wealth Effect?

29/07/2024 23 min
Episode 98: What is The Wealth Effect?

Listen "Episode 98: What is The Wealth Effect?"

Episode Synopsis

Send us a textThe Wealth Effect is a belief that the wealthier a person a paper is on paper the more money they spend. Economists debate this but most agree that we will spend more money in our pocket when we have made money on paper. This is not necessarily a bad thing in itself just something to be aware of.Contact The Savings CaptainX                        @SavingsCaptainInstagram     @thesavingscaptainEmail                [email protected]     https://toms-newsletter-5f3b9c.beehiiv.com/subscribe