Maine Morning Star - The sheer size of investment in data centers is drawing concern as it surpasses all other historical booms and crowds out other more job-creating ventures. Until now, no industry had driven the U.S. economy with such force since the railroad expansion of the late 1800s, when titans battled one another to lay the transcontinental tracks that would connect America from coast to coast.Railroads in the 19th century consumed about $173 billion in today’s dollars and created more than 2% of the nation’s annual economic output (GDP) over 20 years.
Today’s data center buildout will dwarf that amount, with $10 trillion in investment, and now have almost twice the economic impact — nearly 4% of GDP. That’s according to a report created by a Columbia Business School professor, Stijn Van Nieuwerburgh.
States are starting to feel left out of the windfall, many having granted tax exemptions before the boom.
Wallet Hub - Consumers feel over 5% less confident about their financial outlook this month than they did one year ago, according to the latest WalletHub Economic Index. The WalletHub Economic Index is based on a monthly survey that evaluates economic prospects based on 10 components of consumer sentiment. These components revolve around how people feel about their finances, purchasing plans and employment opportunities.
Key Stats
- Decreasing
debt-reduction confidence: The share of consumers who expect to
have less debt after the next six months decreased by almost 13% in
October 2026 compared to last year. At the same time, this is the lowest
index value recorded since December 2020.
- Credit
score insecurity: The share of consumers who expect their credit
score to increase in the next six months is over 8% lower in October 2026
compared to last year, registering the lowest level since December 2020.
- Large
purchases are not a priority: In October 2026, consumers’
likelihood of making a large purchase in the next six months is over 6%
lower than it was last year.
- Decreasing
interest in auto purchases: The share of consumers who expect to
buy a car in the next six months is almost 5% lower in October 2026
compared to last year.
- Real
estate popularity decline: Home-buying interest among consumers
decreased by over 4% in October 2026 compared to last year.
The complete WalletHub Economic Index results