Slumping Stocks Threaten a Pillar of the Economy: Spending by the Wealthy (WSJ) # WSJ: Slumping Sto

[human1234]

Slumping Stocks Threaten a Pillar of the Economy: Spending by the Wealthy (WSJ)

# WSJ: Slumping Stocks Threaten a Pillar of the Economy: Spending by the Wealthy

# March 16, 2025.  Consumer spending is highly dependent on the affluent, who are highly dependent on the stock market

The [stock-market correction](https://www.wsj.com/livecoverage/stock-market-today-inflation-dow-nasdaq-sp500-03-13-2025?mod=article_inline) in recent weeks is more than a potential symptom of a slumping economy. It could cause a slump.

After cheering President Trump’s election in November, the market has sunk as investors worry that the White House’s aggressive and fast-changing [tariff war](https://www.wsj.com/world/americas/trump-tariff-negotiations-canada-mexico-0933a272?mod=article_inline) could scuttle a [soft landing](https://www.wsj.com/economy/trump-team-recession-hard-landing-c8f23d5d?mod=article_inline). On Thursday, the S&P 500 closed down more than 10% from its February high, meeting the rule of thumb for a correction. It gained back some ground Friday.  

[https://www.wsj.com/economy/slumping-stocks-threaten-a-pillar-of-the-economy-spending-by-the-wealthy-c23cabd4](https://www.wsj.com/economy/slumping-stocks-threaten-a-pillar-of-the-economy-spending-by-the-wealthy-c23cabd4)

 

https://www.reddit.com/r/economicCollapse/s/9Wf2r5JiXT

[human1234]

If stocks keep falling, it will trigger a domino effect for stocks and economy

[Anta Assamey]

5 minutes ago, human1234 said:

If stocks keep falling, it will trigger a domino effect for stocks and economy

You don't have experience.. Please believe Trump tatha.. he has experience with 6 times bankruptcy ...

[human1234]

Just now, Anta Assamey said:

You don't have experience.. Please believe Trump tatha.. he has experience with 6 times bankruptcy ...

@Mancode and @krishnaaa deniki answer chebuthaaru