While the pandemic has led to a decline in individual fortunes, household wealth has held up.
Jean-Christophe Gerard is betting Barclays' U.S. strengths will attract more of the world’s richest to his business.
The problem is most investors have no idea what kind of income their savings will generate or if they are even saving enough to hit a certain level.
The Fed's new framework should help to address shortfalls in employment, helping affected workers find new opportunities.