High-income earners are warming up to AI like nobody else. A recent study by business intelligence firm Morning Consult found that a group of workers making over $100,000 per year are the biggest fans of Artificial Intelligence (AI), with some even showing enthusiasm for its potential to replace their jobs.
The study analyzed loyalty trends in various product categories and found that AI companies Gemini, OpenAI, Microsoft Copilot, and ChatGPT are among the fastest-growing brands among high-income consumers. Notably, ChatGPT stands out as the clear front-runner in most categories, with "much higher awareness" and a significantly larger share of consideration compared to its competitors.
In contrast, lower-earning individuals (making between $50k-$99k) are more interested in food delivery services like DoorDash and streaming platforms like MTV, while those earning under $50k prefer convenience foods like Discount Tire and Great Value French Fried Potato Chips.
When asked about the findings, a Morning Consult executive noted that interest in AI tools has been growing steadily, but this year it was particularly explosive among high-income consumers. Brand awareness for Gemini, an AI chatbot, increased by 16 percentage points over just three months, making it one of the fastest-growing AI chatbots.
It's not surprising that higher earners are embracing AI, as these professionals often operate in managerial positions where AI can provide convenience and efficiency. The study suggests that the enthusiasm for AI among high-income individuals is likely to continue, with significant implications for businesses looking to tap into this growing market.
The study analyzed loyalty trends in various product categories and found that AI companies Gemini, OpenAI, Microsoft Copilot, and ChatGPT are among the fastest-growing brands among high-income consumers. Notably, ChatGPT stands out as the clear front-runner in most categories, with "much higher awareness" and a significantly larger share of consideration compared to its competitors.
In contrast, lower-earning individuals (making between $50k-$99k) are more interested in food delivery services like DoorDash and streaming platforms like MTV, while those earning under $50k prefer convenience foods like Discount Tire and Great Value French Fried Potato Chips.
When asked about the findings, a Morning Consult executive noted that interest in AI tools has been growing steadily, but this year it was particularly explosive among high-income consumers. Brand awareness for Gemini, an AI chatbot, increased by 16 percentage points over just three months, making it one of the fastest-growing AI chatbots.
It's not surprising that higher earners are embracing AI, as these professionals often operate in managerial positions where AI can provide convenience and efficiency. The study suggests that the enthusiasm for AI among high-income individuals is likely to continue, with significant implications for businesses looking to tap into this growing market.