The Economy Is Growing, but Not Everyone Feels It -- WSJ

First, the good news: The U.S. economy is accelerating, gathering enough momentum from the artificial-intelligence boom and robust consumer spending to crash through wars, volatile markets and trade disruptions. Indeed, no major advanced economy has been growing like the U.S.

Not that there aren't problems: The expansion has boosted certain segments of the economy, while weighing on others. At the same time, higher borrowing costs have grown alongside profits and wealth. Wages have risen, though inflation has eaten most of the gains.

Money quote: "The economy is robust, but it is also extremely concentrated," said EY-Parthenon economist Gregory Daco.

What this means for voters: It's an unusual economic brew with implications for U.S. politics. Voters head to the polls on Tuesday as beneficiaries of low unemployment and rising stock-market wealth, but frustrated with the cost of living and President Trump's handling of the economy.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

November 03, 2026 14:05 ET (19:05 GMT)