{"id":11874,"date":"2025-10-21T13:52:26","date_gmt":"2025-10-21T10:52:26","guid":{"rendered":""},"modified":"2025-10-21T13:52:26","modified_gmt":"2025-10-21T10:52:26","slug":"ai-stock-gains-are-fueling-a-significant-portion-of-us-consumer-spending","status":"publish","type":"post","link":"https:\/\/harici.com.tr\/en\/ai-stock-gains-are-fueling-a-significant-portion-of-us-consumer-spending\/","title":{"rendered":"AI stock gains are fueling a significant portion of US consumer spending"},"content":{"rendered":"<p data-spacing=\"double\">According to a new analysis, the substantial gains from a relatively narrow group of stocks linked to the artificial intelligence (AI) boom are sufficient to be a meaningful driver of overall consumer spending.<\/p>\n<p data-spacing=\"double\">The general economy has become increasingly dependent on AI-driven growth, particularly through investments in data centers and software. However, the wealth effect, where higher asset prices make consumers more willing to spend, is also a part of this story.<\/p>\n<p data-spacing=\"double\">Despite a weakening labor market in the US, consumer spending has remained robust this year. The impact of the surge in AI-related stocks on American behavior is a significant factor, at least among households that own stocks. This suggests that if AI investments and the stocks benefiting from them experience a correction, the overall economy could be left vulnerable.<\/p>\n<p data-spacing=\"double\">JPMorgan economists <span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" spellcheck=\"false\" href=\"https:\/\/www.axios.com\/2025\/10\/17\/ai-stocks-wealth-180-billion\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">estimate<\/a><\/span> that US households gained $5.2 trillion in wealth last year from the appreciation of a basket of just 30 AI-linked stocks. Based on past research into how rising asset prices boost consumer spending, this translates to a $180 billion increase in total annual spending, or a 0.9% rise. This represents only a modest portion of the 5.6% increase in total spending over the last 12 months (not adjusted for inflation), but it is a striking result derived from the stock prices of very few companies.<\/p>\n<p data-spacing=\"double\">Economists note that the effect could be larger if AI-related enthusiasm also supports the value of other stocks or real estate. They acknowledge, however, that significant uncertainty remains about how much of the wealth increase will translate into higher spending.<\/p>\n<p data-spacing=\"double\">Stock ownership is concentrated among the wealthy, so the role of the wealth effect in boosting consumer spending helps explain some of the contradictions currently seen in the economy. Although overall consumer spending remains strong, it is supported by the high-income segment, while signs of stress are becoming more apparent in lower-income groups.<\/p>\n<p data-spacing=\"double\">At a time of low unemployment and a booming stock market, consumer confidence has recently been hovering at recessionary levels. The University of Michigan&#8217;s consumer sentiment survey shows a sharp difference between households with large stock portfolios and those without.<\/p>\n<p data-spacing=\"double\">&#8220;Our results suggest that AI-linked stock gains are making a meaningful contribution to consumption, but likely account for only a small part of the increase over time,&#8221; write the survey&#8217;s authors, Abiel Reinhart and Michael Feroli.<\/p>\n<p data-spacing=\"double\">The authors add, &#8220;Of course, a reversal of AI enthusiasm could lead to a broader decline, which could reduce spending more significantly.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to a new analysis, the substantial gains from a relatively narrow group of stocks linked to the artificial intelligence (AI) boom are sufficient to be a meaningful driver of overall consumer spending. The general economy has become increasingly dependent on AI-driven growth, particularly through investments in data centers and software. However, the wealth effect, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11875,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ep_exclude_from_search":false,"footnotes":""},"categories":[176],"tags":[13793,2122,2393,5063,3291,2052,13797,13796,2221,1987,13798,13795,1131,13794],"class_list":["post-11874","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-america","tag-ai-stocks","tag-artificial-intelligence","tag-asset-prices","tag-consumer-confidence","tag-consumer-spending","tag-economic-growth","tag-economic-vulnerability","tag-high-income-households","tag-jpmorgan","tag-stock-market","tag-stock-ownership","tag-university-of-michigan","tag-us-economy","tag-wealth-effect"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>AI stock gains are fueling a significant portion of US consumer spending - 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