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America has a debt problem, and recent policy is making it worse. President Trump’s “Big Beautiful Bill” is expected to add $2.4 trillion to the national debt over the next decade, and economists project that the debt-to-GDP ratio will go from 100% to 120% in the same timespan.
As a result, corporations and consumers will be stuck with high interest rates until something changes.
That change might just come from artificial intelligence, one company argues.
Range is an AI-powered wealth management platform for high earners that centralizes investments, taxes, estate plans, and more in one account. The platform uses advanced AI technology to deliver personalized financial guidance at fees 75-90% lower than traditional advisors, making expert wealth management more accessible. Today, Range serves nearly 2,000 clients managing over $6 billion in assets.
Taresh Batra, Range’s vice president of Investments, says these AI-driven productivity gains could be the key to accelerating GDP growth while bringing inflation and interest rates down. “Higher growth and lower interest rates as a result of AI could be a panacea for the markets,” Batra says.
Productivity is Key
The nonpartisan Congressional Budget Office uses the following formula to measure and forecast the country’s GDP, or Gross Domestic Product:
Real GDP Growth = Labor Growth(x labor contribution) + Capital Growth(x capital contribution) + Productivity
“Of these variables, changes in productivity have the largest impact on GDP growth,” Batra says. “Technological innovation has been the driver of productivity over the course of history.”
AI, Batra argues, has the potential to improve productivity and benefit the economy in the coming years, similarly to how the dot-com boom did in the mid-1990s.
Here’s how:
- Direct Economic Growth: With AI, companies and workers can be more productive without requiring additional resources.
- More Jobs, Not Less: While AI may automate certain tasks, history shows that technology creates more jobs than it replaces. In fact, 60% of today’s jobs didn’t exist in 1940. The World Economic Forum projects AI will generate a net gain of 78 million new jobs this decade alone. Range itself exemplifies this trend by employing CFPs, CPAs, and CFAs who collaborate closely with AI engineers to build smarter financial tools.
- Increased Tax Revenues: “Higher productivity usually leads to higher corporate profits, wages, and economic activity—all of which generate increased tax receipts,” Batra says. “More government revenue means less need to borrow.”
- Disinflationary Pressure: “Less government borrowing leads to lower inflationary pressure,” Batra says. “In addition, productivity improvements reduce the cost of producing goods and services, which slows down inflation.”
- Improved Debt Dynamics & Lower Rates: Lower inflation means the Federal Reserve can lower interest rates, which helps stimulate the economy and allows the government to spend less on interest expense and spend more money on the private sector.
What’s more, we’re already seeing measurable productivity gains in industries that have integrated AI tools into their workflow. Even if policymakers fail to rein in spending in the coming years, AI-driven productivity gains in the private sector may allow us to “grow our way” out of fiscal distress.
“If AI delivers even modest incremental productivity gains of 1-1.5% annually, the US could potentially maintain or reduce current debt-to-GDP levels despite continued spending growth,” Batra says.
AI Is Transforming, Not Destroying the Job Market
Yes, the rise of AI has resulted in people losing their jobs. This, however, is not a new phenomenon.
Take farming, for example. Around 70% of people were employed in agriculture in the early 1800s, but that number is now less than 2% thanks to the creation of farming machines and other advancements.
At the same time, technological innovations not only created new jobs to replace the ones lost. They added new roles that previously never existed.
“Remarkably, 60% of the jobs people are employed in today didn’t exist in 1940,” Batra says. “That means nearly 90% of employment growth over the last 80 years resulted from technology creating entirely new categories of work.”
The World Economic Forum’s Future of Jobs Report estimates that AI and related technologies will create a net gain of 78 million new roles this decade.
Range is living proof of this. They’ve hired CFPs, CPAs, and CFAs as critical subject matter experts to help their AI engineers build and validate their platform.
“These aren’t traditional roles—they represent the emergence of new types of knowledge workers who combine domain expertise with technological fluency,” Batra says.
How You Could Bring the Power of AI Into Your Wealth Management With Range
In just four short years, Range has signed up almost 2,000 high income members and advises them on more than $6 billion in assets.
Currently in beta, Range’s proprietary AI engine is capable of delivering financial insights and guidance in seconds, potentially allowing you to capitalize on opportunities and avoid any potential pitfalls — for example, if you should buy an investment property or if you can retire early based on your complete financial picture
Range also operates on a flat-fee pricing model and offers portfolio management with 0% Assets Under Management fees, so you won’t pay more as your net worth continues to grow.
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