Usually means: Increased wealth boosts consumer spending.
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We found 7 dictionaries that define the word wealth effect:

General (3 matching dictionaries)
  1. wealth effect: Longman Dictionary of Contemporary English
  2. wealth effect, the wealth effect: Dictionary.com
  3. Wealth effect: Wikipedia, the Free Encyclopedia

Business (4 matching dictionaries)
  1. The Wealth Effect: Investopedia
  2. The Wealth Effect, Wealth Effect: Financial dictionary
  3. BusinessDictionary.com (No longer online)

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Definitions from Wikipedia (Wealth effect)

▸ noun:  The wealth effect is the change in spending that accompanies a change in perceived wealth.• Darby, Michael R..

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