United States Economy Confronts AI‑Driven Growth and Debt‑Induced Job Threat

Artificial‑intelligence‑related companies have become the primary drivers of U.S. stock market gains, accounting for more than 80 % of the S&P 500’s increase this year and nearly half of the index overall. Major tech firms plan to spend over $600 billion on AI infrastructure by the end of 2026, a level of investment comparable to the annual GDP of many nations.

At the same time, analysts warn that the rising federal debt is crowding out private investment. Projections by Ernst & Young suggest the debt path could eliminate over 1 million jobs by 2035 and up to 3.6 million by 2075, with a projected 16‑33 % reduction in income growth over the next three decades, according to the Congressional Budget Office.