Detailed text transcripts for TV channel - FOXNEWS - 20131118:21:08:00
It? >> i don't think that we have had that much of a wealth effect. if you look at the whole funs data, household wealth is back where it was precrisis, but the gains are very heavily secured toward the upper en. the federal reserve bank of st. louis did a study to look to see how evenly the gains from the stock market haves been. the top 7% of households, healthiest howholds, have seen their holdings value go up. the other 93% have seen them go down. the truth is that middle income and upper middle income households just haven't been aboard the rally, so they missed and it consumer confidence...
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