In AI We Trust: Why Spending Is So Buoyant

 “Don’t bet against the American consumer.”

It’s a maxim investors ignore at their peril. There have of course been times that household spending slumped, but almost always later than when one would have guessed from reading the headlines. 

That resilience is on display again. Despite a war, rising gasoline prices and a 74-year low in consumer sentiment, registers kept ringing the past couple of months.

This spending is happening alongside the slowest income growth in years, though. As a result, Americans’ personal saving rate is down to a level not seen since inflationary 2022.

Spencer Jakab Wall Street Journal 4 May 2026

https://www.wsj.com/finance/stocks/in-ai-we-trust-why-spending-is-so-buoyant-1e741081


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