A 'wealth-driven recession' could occur if stock prices fall substantially enough that the top 10% (who are responsible for 50% of consumer spending) reduce spending significantly, triggering a broader recession.
causalpending
Speaker
Dmitri CafinasEvidence Quote
“if stock prices go down substantially down if one's net worth declines especially if they're nearing retirement age or in retirement age they become much more riskaverse about spending consumer spending is so heavily tilted towards the higher echelon income brackets that could drive a recession”
Source
The One Hundred Year Pivot | A New Podcast Series by Demetri Kofinas and Grant Williams— Hidden ForcesCreated: 8/11/2026, 6:50:37 AM
My Notes
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