nickthehunter wrote:
time2roll wrote:
...The negative wealth effect of the stock market dropping will only affect the high end...JMHO
You couldn't be more wrong. Many millions of retired people depend upon their 401K for their income, for the rest of their life. The drop in our 401K means we have to make substantial changes in our lifestyle so that we don't outlive our 401K. And I can assure you, we are not "High End", we are just regular folks trying to enjoy our golden years. The drop is scary and very real for us.
I meant the high end of the RV market. Not about your personal wealth.
So if the market drop has you buying a lower end RV that could even boost the low end RV market and again you would have dropped out of the higher end RV market thus affecting the "high end".
For high net worth people I doubt the market fluctuations will affect what RV is chosen. Do these people even go RVing? If the 25% hit to income or assets affects day to day life then not really in the high end of income/wealth.
