- Jan 15, 2002
- Professional Status
- Certified Residential Appraiser
- North Carolina
The trickle down effect will hit everyone. These high income folks will no longer be able to maintain their lifestyles. Jobs that would replace their kind of income will be very, very hard to find. They will need to cut back. Nanny, cook, maids, the expensive cars...and those that maintain them. The expensive clothing, high priced meals, vacations, second homes, high end electronics...and on and on. I will never have to adjust to any of those things since I have never had them anyway.