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Most U.S. adults say they use artificial intelligence to search for information, but fewer are using it for work, drafting email, or shopping.Younger adults are most likely to be leaning into AI, with many using it for brainstorming and work tasks.The new findings from an Associated Press-NORC Center for Public Affairs Research poll show that 60% of Americans overall and 74% of those under 30 use AI to find information at least some of the time.The poll highlights the ubiquity of AI in some areas as well as its limits in others. Only about 4 in 10 Americans say they have used AI for work tasks or coming up with ideas, a sign that the tech industry’s promises of highly productive AI assistants still haven’t touched most livelihoods after years of promotion and investment.At the same time, wider AI adoption by younger Americans shows that could change.There’s a particularly large age divide on brainstorming: About 6 in 10 adults under age 30 have used AI for coming up with ideas, compared with only 2 in 10 of those age 60 or older. Young adults are also more likely to use AI to come up with ideas at least “daily.” Young adults are most likely to use AI Bridging the generations are people like Courtney Thayer, 34, who’s embracing AI in some parts of her life and avoiding it in others.Thayer said she is regularly using ChatGPT to come up with ideas about planning what to eat, while also having it calculate the nutritional value of the pumpkin-banana-oat bread she’s been baking for years.“I asked it to make a meal prep for the week, then to add an Asian flair,” said Thayer, of Des Moines, Iowa. “It wasn’t the most flavorful thing I’ve ever had in my life, but it’s a nice stepping off point. More importantly, I use it for the amount so that I’m not over-serving myself and ending up with wasted food.”The audiologist has embraced AI at work, too, in part because AI technology is imbued in the hearing aids she recommends to patients but also because it makes it easier and faster to draft professional emails.She avoids it for important information, particularly medical advice, after witnessing chatbots “hallucinate” false information about topics she spent years studying.Roughly 4 in 10 Americans say they use AI for work tasks at least sometimes, while about one-third say they use it for helping to write emails, create or edit images, or for entertainment, according to the poll. About one-quarter say they use it to shop.Younger adults are more likely than older ones to say they have used artificial intelligence to help with various tasks, the poll shows. Searching for information is AI’s most common use Of the eight options offered in the poll questions, searching for information is the most common way Americans have interacted with AI. And even that may be an undercount, since it’s not always apparent how AI is surfacing what information people see online.For more than a year, the dominant search engine, Google, has automatically provided AI-generated responses that attempt to answer a person’s search query, appearing at the top of results.Perhaps defying emerging media consumption trends, 28-year-old Sanaa Wilson usually skips right past those AI-generated summaries.“It has to be a basic question like, ‘What day does Christmas land on in 2025?'” said the Los Angeles-area resident. “I’ll be like, ‘That makes sense. I trust it.’ But when it gets to specific news, related to what’s happening in California or what’s happening to the education system and stuff like that, I will scroll down a little bit further.”Wilson, a freelance data scientist, does use AI heavily at work to help with coding, which she said has saved her hundreds of dollars she would have had to pay for training. She also occasionally uses it to come up with work-related ideas, an attempt to bring back a little of the collaborative brainstorming experience she remembers from college life but doesn’t have now.When it first came out, Wilson said she also used ChatGPT to help write emails, until she learned more about its environmental impact and the possibility it would erode her own writing and thinking skills over time.“It’s just an email. I can work it out,” she said. “However many minutes it takes, or seconds it takes, I can still type it myself.” Most don’t use AI for companionship but it’s more common for young adults The least common of the eight AI uses was AI companionship, though even that showed an age divide.Just under 2 in 10 of all adults and about a quarter of those under 30 say they’ve used AI for companionship.Wilson has no interest in AI companions, though she isn’t surprised that others do because of the effect of the COVID-19 pandemic on her generation’s social experiences.“I totally understand and sympathize behind why people in my age group are leveraging it in that way,” Wilson said.Thayer, the audiologist, also has no interest in AI companionship, though she tries to be polite with chatbots, just in case they’re keeping track.“I mean, I am nice to it, just because I’ve watched movies, right?” Thayer said, laughing. “So I’ll say, ‘Can you make me a meal plan, please?’ And, ‘Can you modify this, please?’ And then I’ll say, ‘Thank you.'” The AP-NORC poll of 1,437 adults was conducted July 10-14, using a sample drawn from NORC’s probability-based AmeriSpeak Panel, which is designed to be representative of the U.S. population. The margin of sampling error for adults overall is plus or minus 3.6 percentage points. Matt O’Brien and Linley Sanders, Associated Press
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As a child, Heidi Barley watched her family pay for groceries with food stamps. As a college student, she dropped out because she couldn’t afford tuition. In her twenties, already scraping by, she was forced to take a pay cut that shrunk her salary to just $34,000 a year.But this summer, the 41-year-old hit a milestone that long felt out of reach: She became a millionaire.A surging number of everyday Americans now boast a seven-figure net worth once the domain of celebrities and CEOs. But as the ranks of millionaires grow fatter, the significance of the status is shifting alongside perceptions of what it takes to be truly rich.“Millionaire used to sound like Rich Uncle Pennybags in a top hat,” says Michael Ashley Schulman, chief investment officer at Running Point Capital Advisors, a wealth management firm in El Segundo, California. “It’s no longer a backstage pass to palatial estates and caviar bumps. It’s the new mass-affluent middleweight class, financially secure but two zeros short of private-jet territory.”Inflation, ballooning home values and a decades-long push into stock markets by average investors have lifted millions into millionairehood. A June report from Swiss bank UBS found about one-tenth of American adults are members of the seven-digit club, with 1,000 freshly minted millionaires added daily last year.Thirty years ago, the IRS counted 1.6 million Americans with a net worth of $1 million or more. UBS using data from the United Nations, World Bank, International Monetary Fund and central banks of countries around the globe put the number at 23.8 million in the U.S. last year, a nearly 15-fold increase.The expanding ranks of millionaires come as the gulf between rich and poor widens. The richest 10% of Americans hold two-thirds of household wealth, according to the Federal Reserve, averaging $8.1 million each. The bottom 50% hold 3% of wealth, with an average of just $60,000 to their names.Federal Reserve data also shows there are differences by race. Asian people outpace white people in the U.S. in median wealth, while Black and Hispanic people trail in their net worth.Barley was working as a journalist when her newspaper ended its pension program and she got a lump-sum payout of about $5,000. A colleague convinced her to invest it in a retirement account, and ever since, she’s stashed away whatever she could. The investments dipped at first during the Great Recession but eventually started growing. In time, she came to find catharsis in amassing savings, going home and checking her account balances when she had a tough day at work.Last month, after one such day, she realized the moment had come.“Did you know that we’re millionaires?” she asked her husband.“Good job, honey,” Barley says he replied, unfazed.It brought no immediate change. Like many millionaires, much of her wealth is in long-term investments and her home, not easy-to-access cash. She still lives in her modest Orlando, Florida, house, socks away half her paycheck, fills the napkin holder with takeout napkins and lines trash cans with grocery bags.Still, Barley says it feels powerful to cross a threshold she never imagined reaching as a child.“But it’s not as glamorous as the ideas in your head,” she says.All wealth is relative. To thousandaires, $1 million is the stuff of dreams. To billionaires, it’s a rounding error. Either way, it takes twice as much cash today to match the buying power of 30 years ago.A net worth of $1 million in 1995 is equivalent to about $2.1 million today, according to the U.S. Bureau of Labor Statistics.A seven-figure net worth is, to some, as outdated a yardstick as a six-figure salary. Nonetheless, “millionaire” is peppered in everything from politics to popular music as shorthand for rich.“It’s a nice round number but it’s a point in a longer journey,” says Dan Uden, a 41-year-old from Providence, Rhode Island, who works in information technology and who hit the million-dollar mark last month. “It definitely gives you some room to breathe.”No other country comes close to the U.S. in the sheer number of millionaires, though relative to population, UBS found Switzerland and Luxembourg had higher rates.Kenneth Carow, a finance professor at Indiana University’s Kelley School of Business, says commonalities emerge among today’s millionaires. The vast majority own stocks and a home. Most live below their means. They value education and teach financial responsibility to their children.“The dream of becoming a millionaire,” Carow says, “has become more obtainable.”Jim Wang, 45, a software engineer-turned finance blogger from Fulton, Maryland, says even if hitting $1 million was essentially “a non-event” for him and his wife, it still held weight for him as the son of immigrants who saved money by turning the heat off on winter nights.The private jets he envisioned as a kid may not have materialized at the million-dollar threshold, but he still sees it as a marker that brings a certain level of security.“It’s possible, even with a regular job,” he says. “You just have to be diligent and consistent.”The resilience of financial markets and the ease of investing in broad-based, low-fee index funds has fueled the balances of many millionaires who don’t earn massive salaries or inherit family fortunes.Among them is a burgeoning community of younger millionaires born out of the movement known as FIRE, for Financial Independence Retire Early.Jason Breck, 48, of Fishers, Indiana, embraced FIRE and reached the million-dollar mark nine years ago. He promptly quit his job in automotive marketing, where he generally earned around $60,000 a year but managed to stow away around 70% of his pay.Now, Breck and his wife spend several months a year traveling. Despite being retired, they continue to grow their balance by sticking to a tight budget and keeping expenses to $1,500 a month when they’re in the U.S and a few hundred dollars more when they travel.Hitting their goal hasn’t translated to luxury. There is no lawn crew to cut the grass, no Netflix or Amazon Prime, no Uber Eats. They fly economy. They drive a 2005 Toyota.“It’s not a golden ticket like it was in the past,” Breck says. “For us, a million dollars buys us freedom and peace of mind. We’re not yacht rich, but for us, we’re time rich.” Matt Sedensky can be reached at msedensky@ap.org and https://x.com/sedensky Matt Sedensky, AP National Writer
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Collaborative design software company Figma has increased the price target for its highly anticipated initial public offering (IPO). Shares are now expected to be priced between $30 and $32 each, up from the previously disclosed price target range of $25 and $28 each. The cloud-based interface design tool is aiming for a valuation of around $18.8 billion, dramatically higher than last week’s projection but still below the $20 billion that Adobe had planned to pay for the company a few years ago. Figma disclosed the expected price target increase on Monday in an amended registration statement with the Securities and Exchange Commission (SEC). The San Francisco-based company confidentially filed an initial S-1 form with the SEC in April. On July 1, Figma announced its registration statement was available to the public. IPO market is heating up this year Figma will trade on the New York Stock Exchange (NYSE) under the ticker FIG. The listing, reportedly expected this week, could be among the year’s biggest. It comes as the market for tech-focused offerings has been roaring back to life. Circle Internet Group, Chime Financial, and Hinge Health are among the buzzy tech startups that have gone public this year. In addition to Figma, space tech company Firefly Aerospace is also expected to IPO soon. In September 2022, Adobe (NYSE: ADBE) had announced plans to buy Figma for $20 billion in cash and stock. But the merger was scrapped due to antitrust concerns raised by European and U.K. regulators. In December 2023, both companies announced that they had mutually agreed to terminate their merger agreement. Adobe paid Figma a $1 billion termination fee. In its SEC paperwork, Figma reported $228.2 million in revenue for the first three months of 2025. The company reported $749 million in revenue in 2024, an increase of 48% year-over-year. The design software maker has 13 million monthly active users.
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