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    Back to Which Way, L.A.?

    Which Way, L.A.?

    When the Wealthy Sneeze, the Economy Catches Cold

    The 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?

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    By Warren Olney • May 12, 2014 • 1 min read

    The 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?

    The full episode

    3 of 3
    American Citizens Caught in the Immigration Crackdown Net
    1. 0:00Tanker Truck Fire Creates Chaos for Commuters on the 60 Freeway
    2. 4:47Is LA 'Secure' for American Citizens?
    3. 25:55When the Wealthy Sneeze, the Economy Catches ColdYou’re reading this
    • https://images.ctfassets.net/2658fe8gbo8o/AvYox6VuEgcxpd20Xo9d3/769bca4fbf97bf022190f4813812c1e2/new-default.jpg?h=250

      Warren Olney

      former KCRW broadcaster

    • KCRW placeholder

      Katie Cooper

      Producer, 'One year Later'

    • https://images.ctfassets.net/2658fe8gbo8o/AvYox6VuEgcxpd20Xo9d3/769bca4fbf97bf022190f4813812c1e2/new-default.jpg?h=250

      Anna Scott

      Former KCRW Housing and Homelessness Reporter

    • Sonya Geis with wavy brown hair wearing a black dress with red accents and decorative earrings against a white background.

      Sonya Geis

      Senior Managing Editor

    • KCRW placeholder

      Robert Frank

      Wall Street Journal

    • KCRW placeholder

      Brad Williams

      California Legislative Analyst's Office (formerly)

    • KCRW placeholder

      Jacob Hacker

      Yale University

      News

    The full episode

    3 of 3
    American Citizens Caught in the Immigration Crackdown Net
    1. 0:00Tanker Truck Fire Creates Chaos for Commuters on the 60 Freeway
    2. 4:47Is LA 'Secure' for American Citizens?
    3. 25:55When the Wealthy Sneeze, the Economy Catches ColdYou’re reading this
    Back to Which Way, L.A.?