BlackRock CEO Larry Fink Expresses Serious Concerns Over Retirement Conditions Now And In The Future [Yahoo! Finance]
BlackRock, Inc. (BLK)
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Source: Yahoo! Finance
When you consider all these concerns as a whole, it's easy to see why 90% of Americans say their finances have an impact on their stress levels. But it's not just average, everyday Americans who realize that serious trouble is brewing. BlackRock Inc. CEO Larry Fink has serious concerns about the here and now as well as the future. Don't Miss: The average American couple has saved this much money for retirement — How do you compare Can you guess how many Americans successfully retire with $1,000,000 saved? The percentage may shock you In his annual shareholder letter , Fink warned that an aging population is putting strain on the Social Security system. And if that's not enough, people are living longer, which is exacerbating the issue. Fink has reason to believe that things may get better. "It's a good thing that legislators are proposing different bills and states are becoming laboratories of retirement," he said. "The benefits could be enormous for individual retirees
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