While the recession has been over for more than five years now and job creation is accelerating, many households are not feeling the benefits. They are struggling to maintain their living standard and at the same time still saving for retirement, a process further complicated by both longer lifespans and low interest rates. For those waiting for a more buoyant mood, watch the income numbers.
Sources: BlackRock research; Bloomberg.
Russ Koesterich, CFA, is the Chief Investment Strategist for BlackRock and iShares Chief Global Investment Strategist. He is a regular contributor to The Blog and you can find more of his posts here.