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XML Wealth Insights: Artificial Intelligence - Consequences

In this week's video, Curtis Congdon, CFP®, CRPC®, President of XML Financial Group, discusses artificial intelligence and its potential consequences on the labor force. We touch on recent payroll data showing that payroll growth has slowed. While this could simply reflect normal business cycle dynamics, there’s growing discussion about how AI adoption may be influencing labor markets and contributing to workforce displacement. Curtis highlights that it is  important to remember that while some roles may change or disappear, AI is also expected to generate new career paths across industries. The key for professionals will be the ability to adapt and embrace new technologies. Those who evolve with the tools of the future will be best positioned to thrive.

Have questions about how these insights and ideas could impact your personalized wealth management strategy? Let’s talk.

This communication is for information and educational purposes only. This is not a recommendation for the sale or investment in any product or strategy or to be perceived as individual advice. Information presented has been prepared from sources believed to be reliable but is not guaranteed and does not represent all available data necessary for making investment decisions. Economic and market forecasts presented herein reflect a series of assumptions and judgments as of the date of this presentation and are subject to change without notice. Forecasts do not consider the specific investment objectives, restrictions, tax and financial situation or other needs of an individual. Actual data will vary and may not be reflected here. Accordingly, these forecasts should be viewed as merely representative of a broad range of possible outcomes. The opinion expressed by this individual is based on facts and circumstances known at this time, is subject to change and does not reflect the opinions of all financial professionals of XML

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