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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, 1 OR 2

Visit americanfunds.com/retire

IF YOUR PLAN ID BEGINS WITH 34 OR 135

Visit myretirement.americanfunds.com

Categories
Economic Indicators
Growth remains steady but low

The current U.S. economic growth cycle is in its eighth year, but the economy has grown at a slower rate.


The current U.S. economic growth cycle is now in its eighth year, sparking questions of whether the economy is in the late stages of expansion. Consumer spending, home prices and payroll employment continue to set new highs, while equity markets ascend to record levels. At 95 months, this is now the third-longest cycle on record and more than two years lengthier than the post–World War II average. However, growth has been anemic, with cumulative GDP expansion measuring 17%, below the historical 24% average. Nevertheless, there may still be room for the economy to grow, especially as consumers continue to spend and the labor market improves.



Past results are not predictive of results in future periods.

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