Wayne Best, Chief Economist at Visa and The Wall Street Journal’s Most Accurate Forecaster of 2025, joins the Inside Economics team to discuss the state of the economy with a focus on consumer spending. Despite a similar forecast for next year, Wayne is slightly more sanguine than the Inside Economics team about the durability of consumer spending. The discussion then leads to a surprising and fascinating look at Wayne’s recent research on the generational wealth transfer. Over the next 20 years, the Boomers will pass on trillions in wealth to their heirs, but it may not be the macroeconomic boon many are expecting. © 2026 Moody’s Corporation and/or its licensors and affiliates. All rights reserved. Go to www.moodys.com/pages/globaldisclaimer.aspx for complete legal terms and conditions governing use of Moody’s information made available in this video.

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