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#11
02-08-2018, 08:42 PM
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I've been working in the financial planning business for 25 years. I think, and there's some evidence to back this up, when the market is up, people FEEL "rich" so that affects their buying habits.
During the dot com boom, spending outpaced wages, but people saw their 401k balances - which you really can't get to easily - and spent like mad. 
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