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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, 2 OR 754

Visit americanfunds.com/retire

IF YOUR PLAN ID BEGINS WITH 34 OR 135

Visit myretirement.americanfunds.com

Categories
Economic Indicators
Sluggish wage growth leaves room for further economic expansion

 


U.S. wage growth has been slowly accelerating over the past several months, and may get an additional boost from recent tax reform. But considering current levels and the trajectory it could still take a few more years to reach 4% — a level where corporate margins often face increased pressure, signaling a mature business cycle. The past three economic expansions have lasted at least one additional year after reaching that threshold, so the current cycle could still have more room to run.



Past results are not predictive of results in future periods.

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Statements attributed to an individual represent the opinions of that individual as of the date published and do not necessarily reflect the opinions of Capital Group or its affiliates. This information is intended to highlight issues and should not be considered advice, an endorsement or a recommendation.