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When the Wealthy Sneeze, the Economy Catches Cold

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When the Wealthy Sneeze, the Economy Catches ColdThe wealthiest Americans are a changing breed as conservative savers turn into manic spenders. Risk-taking millionaires can find themselves living out of their cars. What does that mean for the rest of us? Can government programs be sustained if they depend on taxing the least stable segment of the consumer economy?

Credits

Guests:
Robert Frank - Wall Street Journal, Brad Williams - California Legislative Analyst's Office (formerly), Jacob Hacker - Yale University - @ISPSYale, James Pethokoukis - American Enterprise Institute - @jimpethokoukis

Host:
Warren Olney

Producers:
Katie Cooper, Anna Scott, Sonya Geis