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RETIREMENT PLAN INVESTOR

Use your plan ID (available on your account statement) to determine which employer-sponsored retirement plan website to use:

IF YOUR PLAN ID BEGINS WITH IRK, BRK, 754, 1 OR 2

Visit americanfunds.com/retire

IF YOUR PLAN ID BEGINS WITH 34 OR 135

Visit myretirement.americanfunds.com

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Categories
Economic Indicators
Can U.S. consumers’ dollars keep flowing?

U.S. consumer expectations remain high, which could support spending.


 


Low unemployment, rising wages, strong equity markets and an overall solid economy have helped lift U.S. consumers’ expectations. And this may be good news for consumer spending. Since 2000, consumer expectations have tracked well with U.S. consumer spending growth, with about a six-month lead. Elevated consumer expectations since mid-2016 suggest that consumer spending growth could accelerate as the economy continues to grow, wages increase and consumers feel a tailwind from lower income tax rates. Growth funds, supported by in-depth fundamental research, may help investors take advantage of strengthening consumer spending by identifying companies that stand to benefit from higher consumer expectations and spending.



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