Millennials expect they'll need $1.3 million for a comfortable retirement, but only 29% expect to reach that. Older workers say they'll need $1.1 million, and only 21% expect to reach it.
The IMF trimmed its global-growth projections, warning of high uncertainty and risks as financial-sector stress adds to pressures emanating from tighter monetary policy.
"In light of the heightened uncertainty and the emphasis on 'flexibility,' the March [FOMC] minutes offer very little guidance on the policy outlook going forward."
The recent high-profile layoffs at Apple, Google, and Microsoft may make it seem like the labor market is in trouble, but 6 in 10 employers are not planning layoffs.
