HHH - REITs And Resorts: 5 Top Picks With 'Wealth Effect' Momentum
2025-10-05 08:00:00 ET
The Wealth Effect and Affluent Consumers
As pointed out in my recent article, Nice-To-Haves: Amazon And Top Consumer Discretionary Stocks For Q4 , nearly 50% of consumer spending is from the top 10% of income earners. This can be attributed in part to the "wealth effect, " which is the tendency for people to spend more (or less) when rising (or falling) asset values, especially stocks and home prices, make them feel richer or poorer, even if their income hasn’t changed....
REITs And Resorts: 5 Top Picks With 'Wealth Effect' Momentum