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ATMs did not radically reduce bank teller jobs, but mobile banking did. Which is the right parallel for today’s AI?
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December 10, 2025
Vanguard’s “Megatrends” research investigates fundamental shifts in the global economy. We use the Vanguard Megatrends Model™ to quantify the impact of the long-term nature of shifts in technology, demographics, globalization, and more to help us understand how such forces may shape markets, individuals, and the investing landscape in the years ahead.
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