As Inflation Keeps Rising, Americans Have No Savings
Quoth the Raven
· QTR’s Fringe Finance
· 13 июня 2026, 11:17
· ⏱ 10 мин чтения
| Читать в Substack ↗
Резюме
The article argues that U.S. inflation is reaccelerating (CPI 4.2% YoY, energy up 23.5% YoY) while the personal savings rate has collapsed to 2.5%, squeezing household finances. This combination of rising prices and dwindling reserves signals stagflation that the author warns will intensify, pushing gold higher and eroding real purchasing power for wage earners and fixed-income households.
•May CPI-U rose 0.5% month-over-month, lifting the headline rate to 4.2% year-over-year, the second straight acceleration.
•Energy prices surged 3.9% in May and are 23.5% higher than a year ago; gasoline alone jumped 7.0% monthly and 40.5% annually.
•Core CPI (ex-food and energy) rose 0.2% in May and 2.9% year-over-year, still above the Fed's 2% target; shelter costs remain elevated at 3.4% YoY.
•The personal savings rate fell from 4.3% in January to 2.5% in April, the lowest since before the COVID-19 pandemic.
•Wage growth of 3.4% trails official inflation (3.8% headline) and likely understates real erosion, with consumers drawing down reserves and increasing 401(k) loans and credit card delinquencies.
•Spot gold briefly touched $4,177 per ounce on Wednesday, with a $94 intraday range, as negative real yields drove safe-haven demand.