Consumer Spending Holds Up Despite Lower Savings, Inflation Not a Game Changer

Name: Consumer Spending Holds Up Despite Lower Savings, Inflation Not a Game Changer
Uploaded: 2026-05-28T18:53:06Z
Duration: 1 min 49 s
Description: Charles Payne and Anastasia Amoroso discuss the current economic situation, noting resilient consumer spending but a declining personal savings rate. Amoroso explains that the wealth effect, a $23 trillion cash pile, and wage growth (3.8% vs. 3.3% core PCE) are cushioning the economy, suggesting that current inflation will lead to slower growth but not a recession.

Making Money with Charles Payne · FBN · May 28, 2026 · 1m 49s

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Charles Payne and Anastasia Amoroso discuss the current economic situation, noting resilient consumer spending but a declining personal savings rate. Amoroso explains that the wealth effect, a $23 trillion cash pile, and wage growth (3.8% vs. 3.3% core PCE) are cushioning the economy, suggesting that current inflation will lead to slower growth but not a recession.