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A $5.5 trillion savings wipeout is raising risks for the US economy

A sharp slide in Americans' personal savings is threatening to hurt consumer spending, which has so far helped the US economy hold up in the face of recession warnings. ....

United States , Bill Gross , Federal Reserve , Oxford Economics , Personal Savings , Consumer Spending , Consumer Savings ,

FOXNEWS FOX and Friends Sunday June 4, 2024 11:04:00

These things. i think most americans go i want my dish basher to work. if you have a big family, a business busy family, you need your appliances to work. and in the end, they don t save energy because if the dish washe first time around, guess what you re going to do? pete: run it again. [laughter] rachel: so i think it s a war on families, i really do. joey: i love the spin though. like, i m busy reading this quote, this is jennifer granholm, the energy secretary, you know, the genius there. she says, this proposal reinforces the trajectory of consumer savings that forms the key pillar of bidenomics and builds the unprecedented action already taken by this administration to lower energy costs for working families across the nation. what she s saying is, well, if you just don t use energy, you won t spend as much money on energy. food is a lot cheaper when you don t eat. pete: so your hot water s going to be less hot, your dishes are going to be less clean, your ....

Hard Working Americans , Blindness Don T , Dish Basher , Dish Washe First Time Around , The End , All Of Joey S , Jennifer Granholm , Consumer Savings , Energy Costs , Working Families , Pillar Of Bidenomics , Don T Eat ,