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*Which market ? *
Most people don't have much money on the stock market, and many of the one who do understand it comes with risks, and look at long-term trends rather than week to week fluctuation.
Sure it dropped a lot over one week, and some Bubble are finally collapsing (Seriously who the hell believe Tesla is worth so much ?). However, a part of the drop is coming back to the level it was 1-2 years ago (After the big dip of last week Eurostock 50 is back 3% under it's level one year ago, so most of the dip is just cancelling the 10-15% raise over last year)
Moreover, while people rich enough to have large saving on the stock market won't see their life change if they loose 5000 EUR due to politics it's not money they need right now to pay a bill or go to holiday, it's money they don't need on the short term, it may have an imapct the day they want to buy a larger house/apartment or buy-back their mortgage, but that'it
Most people are losing more than 5000. In the US, stocks and bonds are a big part of most people's retirement. So people in the 50-60 range average 400k+ in the market. Meaning this last week they have lost roughly 40k.