Earlier today we noted something that every thinking person had known for a long-time: as a result of the centrally-planned intervention by a few not so good economists (who these days have better things to do than coming up with unfalsifiable theories about how people should act, like signing echo chamber petitions [5] in an attempt to preserve their ivory towers), over the past five years the poor goot poorer, the rich got unbelievable richer, and the US middle class is on the verge of extinction, as the income gap between the richest and poorest is now back to pre-depression levels [6]. However, it is not fair to say that the "wealth effect" is the only thing that has moved from the lower left to the upper right. As the chart below shows, the recovery has also tricked down to the rest of us, as represented by this record high chart [7].
[8]
And as a bonus, here is a glimpse of what Joe Sixpack thinks about the "wealth effect."
Source: Google Trends [7], h/t @Not_Jim_Cramer