“It doesn’t even really register even really register with anything i take care of on a day to day basis,” said Canandaigua resident Mike Victorious. Michael Victorious isn’t alone when it comes to not understanding all the hoopla over the fed cutting the interest rate three quarters of a percent. News Eight asked Brighton Securities economist George Conby whether the average person be concerned? “The direct effect on the average person of something like this on wall street could be to effect the value of their retirement account,” said Conboy. Conboy says people closer to retirement age may have more to worry about than someone at 25. If you're 25 there'll be a lot of ups and downs over the next 30 or 40 years. I wouldn’t be too concerned for the average 25 year old this kind of dip in the market is probably more of an opportunity than a risk,” said Conboy. But what about at 45? “Forty-five maybe a little more concerned but unless you’re planning to retire very early you’ve got 15 or 20 years before you have to worry about it, “ observed Conboy. Who might benefit from the rate cut? Prospective home buyers like John Lynch. “I'm looking to buy some real estate in the not too distant future so that should help in the short run,” said Lynch. “If you want to buy a house and you’re going to be like most Americans today’s interest rate cut might help you,” said Conboy. Anyone financing a making a major purchase could also get a break.