US_ World Cup hands US economy $20B boost — with host cities like Kansas City, Philly cashing in big, BofA says ( James Franey - NEW YORK POST )

NEW YORK POST

World Cup hands US economy $20B boost — with host cities like Kansas City, Philly cashing in big, BofA says

By James Franey
Published July 20, 2026, 5:11 p.m. ET

VIDEO

The 2026 FIFA World Cup has given a $20 billion boost to the US economy, according to Bank of America, sparking massive local booms in host cities and helping propel the strongest surge in consumer spending in more than four years.

BofA CEO Brian Moynihan said half of the tournament’s $40 billion in fresh economic activity has been funneled to the US, and that the footprint extends far beyond the turnstiles. The bank’s 70 million consumer customers, who spend more than $400 billion a month, are shelling out 5% to 6% more than a year ago.

“Even when we look into host cities like a Kansas City, we can see the growth rate in spending faster than other cities,” Moynihan said. “So it’s having this on-the-ground economic impact, and that spending is going into what we call bricks-and-mortar — going to bars and restaurants and things like that — not necessarily only the people in the stadium.”

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READ MORE: https://nypost.com/2026/07/20/business/world-cup-hands-us-economy-20b-boost-with-host-cities-like-kansas-city-philly-cashing-in-big-bofa-says/

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