AI Boom Lifts Core US GDP and Household Net Worth 5% in 2025
Updated
Updated · Econbrowser · Aug 3
AI Boom Lifts Core US GDP and Household Net Worth 5% in 2025
3 articles · Updated · Econbrowser · Aug 3
Summary
Real household net worth rose 5% in 2025, and the report says that wealth gain accounted for about half of 2% consumption growth, reinforcing demand despite only modest headline GDP growth.
Core GDP—final sales to private domestic purchasers—remained stronger than overall GDP, though still below the 2023-24 trend, with growth leaning heavily on AI-linked investment.
AI spending’s direct GDP boost looked mostly offset by higher computer and semiconductor imports outside Q2, suggesting the bigger macro effect came through asset prices and household wealth.
A flat 2026 real wealth path could cut consumption growth by about 1 percentage point and GDP growth by roughly two-thirds of a point, making buoyant equity markets central to the outlook.
That leaves the broader economy more dependent on AI prospects even as recent reports showed Q2 headline GDP growth slowed to 1.5% amid tariffs, inflation and high bond yields.