CNN Early Start With Christine Romans June 4, 2024 10:54:00
Sheet of someone who is in the 80th percentile in terms of wealth and income and someone who is in the 30th percentile. it is totally different. if you are in the higher cohort, you are more likely to own a home and be anxious about your mortgage or now declining value of that home. you are looking at your stock portfolio, maybe you own some cryptocurrency which has melted down in the past year. if you are in the 30th percentile, you are unlikely to own any of those things or have a ton of wealth tied up in that so the wealth effect is much more modest. but on the other hand you are seeing all...