The wealth effect is an economic term, referring to an increase (decrease) in spending that accompanies an increase (decrease) in perceived wealth.
Read more about Wealth Effect: Effect On Individuals
Famous quotes containing the words wealth and/or effect:
“Farewell, Love, and all thy laws for ever:
Thy baited hooks shall tangle me no more;
Senec and Plato call me from thy lore,
To perfect wealth my wit for to endeavour.”
—Sir Thomas Wyatt (1503?–1542)
“Living more lives than one, knowing people of all classes, all shades of opinion, monarchists, republicans, socialists, anarchists, has had a salutary effect on my mind. If every year of my life, every month of the year, I had lived with reformers and crusaders I should be, by this time, a fanatic. As it is I have had such varied things to do, I have had so many different contacts that I am not even very much of a crank.”
—Rheta Childe Dorr (1866–1948)