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

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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.auSee omnystudio.com/listener for privacy information.