Larry Fink Says World Leaders Must Address Growing Retirement Crisis – WSJ
Larry Fink sees a global retirement crisis brewing.
The 71-year-old chief executive of
says an aging population is stressing retirement safety nets such as Social Security, an issue that is set to worsen as medical breakthroughs like weight-loss drugs extend people s lives.
As a society, we focus a tremendous amount of energy on helping people live longer lives. But not even a fraction of that effort is spent helping people afford those extra years, Fink wrote in his annual letter to shareholders.
BlackRock, the world s largest money manager with $10 trillion in assets, says more than half of the assets it manages are for retirement. Getting more people investing more of their assets in capital markets is key to securing comfortable retirements, Fink says.
via www.wsj.com
Isn’t Fink reaching his retirement age?