00:00It's Benzinga bringing Wall Street to Main Street
00:02The U.S. economy continued expanding in 2025 as consumer spending and artificial intelligence
00:08investment offset trade and immigration shocks, according to The Wall Street Journal.
00:13Household consumption and AI-related business investment accounted for nearly 70% of third
00:18quarter growth, according to RSM economists. Economists had raised recession odds earlier
00:23this year after Trump announced broad tariffs, but growth rebounded in the second and third quarters.
00:28The economy contracted in the first quarter due to import stockpiling ahead of tariffs,
00:34then recovered as consumer spending stayed firm. Spending growth has been driven by the top 10%
00:39of earners, who now account for nearly half of national spending, supporting strong demand for
00:44premium travel, international flights, and high-end luxury purchases. Economists flagged risks from a
00:51weakening job market, falling savings, flat inflation-adjusted income, and a government
00:56shut down that could weigh on growth. For all things money, visit Benzinga.com.
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