Stock Market's Wealth Effect Drives US Economy

The wealth effect generated by higher equity prices is significantly contributing to the US economy, allowing consumers to maintain spending despite potential recession indicators from disposable income changes.

17 Aug, 13:35 — 17 Aug, 13:35

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marketwatchMostly Factual16d ago

The stock market is driving the economy in one major way

The wealth effect of higher equity prices has enabled U.S. consumers to continue spending even when changes in disposable income suggested recessions might be possible

By Jules Rimmer

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Stock Market's Wealth Effect Drives US Economy

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The stock market is driving the economy in one major way

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