let s talk to steve more about this. steve, the problem is inflation is at decades high. recession around the corner. it s a heck of a one-two punch. you better believe it. the good news is that the inflation rate has come down a little bit the last two or three months, charles. that s good news. we went from almost 9% inflation this past summer to now we re down to about 7.1%. as you just said, that is still the highest inflation rate we ve had in 35, 40 years. so americans are feeling the punch. their wages and salaries have only gone up by 5 or 6%. that s one of the reasons that you reported that credit card debt is going up. people are trying to maintain their standard of living but paychecks are not keeping pace. i m nervous. i think inflation will come down in 2023 from the high rates of 2022. but i also think that the economy shows real signs of slowing down. i pray we don t crash into a recession. but we sure could. charles: steve, that s what i m concerned about.
fun, we have a huge show ahead including a bad gifts return edition of supermarket showdown. we are going to face off and in quality trivia challenge, plus we are answering your fan mail questions, but first, time for a holiday hangover themed fastest, are you ready? what plenty of folks are happy to see the holidays were known and most people wishes that it happened longer than it actually does, 52% say that they may tried to fit in as many festivities as possible, but the same percentage agree that there is not enough time in the holiday season to do everything they want to do, do you wish that the holidays lasted longer? jimmy: no, and thank you for not acknowledging that i look like a whole santa who got fired for smoking pot with the elves. people are trying to do too much and that s why they think the season is too short, everybody needs to try to stop having the coolest christmas on and scream and paste themselves, let s play some music and have a good time, there we
you and all of your viewers, god bless. charles: and thank you all of course were joining us today, hope that you have been having a merry christmas and a great holiday season. the five starts right now. hello, everyone, i m dana perino with judge jeanine pirro, jesse watters, greg gutfeld, and jimmy palin, it is 5:00 in new york city and this is the five. dana: welcome to a special edition of the five, the holiday hangover, we hope you had a nice christmas and your pants still fit, it can be tough to recover from all of the food, festivities, and on wanton presence, but we survived, and now we are already to have some