A week's worth: Work & Money news briefs
Dow ignores 'slow economy' news, Americans hold high pension hopes, and meet the new tax preparers: kids.
• An assessment by the International Monetary Fund that the US economy is growing at its slowest pace in five years caused the Dow Jones Industrial Average to stumble at midweek and close with a gain of only 0.4 percent Friday.
• Despite evidence to the contrary, almost half of still-employed adults expect to retire with a pension, a new study has found. While more and more employers are shifting their benefits plans to a 401(k) or other defined contribution instruments, only 14 percent of respondents to a poll for the American Institute of Certified Public Accountants said they participate in such a plan at work.
• Struggling to file your federal tax return at the last minute? Maybe you should turn the task over to your offspring. The market research provider Stars for Kidz polled more than 6,000 teens and preteens last month and found that 14 percent expected to have to do the deed for Mom and Dad, basically because the latter are "clueless" about online transactions.
• More than four minutes spent in a store checkout line not only tends to lower one's satisfaction level with the retailer, but it also can cause the customer to walk out empty-handed. That's according to results of a recent study by resource provider National In-Store and M/A/R/C Research. It consisted of field audits at 3,500 stores in six categories: grocery, drug, club, office supply, electronics, and mass-merchandisers.