Taylor Swift, Beyonce, Barbie, and Oppenheimer have all been the talk of the year. Because of their crazy fanbase, real spending is expected to increase 1.9%. Fans spent enough money to make 0.2% and 0.5% total index, which is enough to boost the health of the broader U.S. economy.  These tours ending and the films being out for a while could cause a 0.6 percentage “hangover effect”, and could pull the return student loan payment down by an eighth of a percentage point. 

Taylor Swift’s “The Eras Tour” and Beyoncé’s “Renaissance” tour have filled up stadiums around the country and have been a big topic online. Taylor Swift’s tour gained attention for the expensive resale market and the disaster that it brought to Ticketmaster from fans. Beyoncé made headlines for paying the metro system on Washington D.C running later after her show got delayed due to weather. The tours have been credited for boosting the economies of the cities they visited. 

When Swift came to town for her Philadelphia shows, hotel bookings were at its strongest growth since the pandemic. On October 13th Taylor Swift’s film of her US leg of The Eras Tour will be released in theaters. It has also been confirmed that Beyonce will have her own movie of her tour, releasing later this December. Warner Bros’s Barbie and Universal’s Oppenheimer which became known as “Barbenheimer”, surpassed box office number-breaking world records. Barbie was the highest-selling release in the U.S. this year and Oppenheimer was Christopher Nolan’s third highest-grossing film of all time. 

With both “The Eras Tour” and “Renaissance” tours coming to an end, Wolfe expects PCE will go down by 0.6% in the third and fourth quarters. Real gross domestic products will most likely take out a 0.1% gain in the fourth quarter. As Taylor Swift would say, these charts are far out of the woods.