This is bad for most Americans: a booming AI-and-war economy is making a few rich while regular people fall behind on their bills.

• White House claims people spend more out of optimism, but it's really because they can't afford necessities and are leaning on credit cards.
• Credit card late payments hit their highest level since the 2008 crash, as people borrow to cover basic needs.
• The economy has split in two: tech and weapons firms boom on war and surveillance contracts, while wages stagnate or fall.
• AI is speeding up a decades-old shift of income from workers to company owners, with even new college grads struggling to find jobs.
• Big tech stocks look like a bubble, since AI tools spread easily and cheap open-source versions undercut the huge profits investors expect.

Outlook: AI will keep replacing jobs fast, and without policies to share the gains, most people are set to fall further behind.