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-0.000469889481993835 -0.000972671227727102 0.000545071799112994 0.00312006616043922 0.00392827606946852 0.00878693331328484 0.0104221487106234 0.0125178558003159
Stock impact report

You need $2 million to retire and ‘almost no one is close,' BlackRock CEO warns, a problem that Gen X will make ‘harder and nastier' [Fortune]

BlackRock, Inc. (BLK) 
Last blackrock, inc. earnings: 4/16 06:02 am Check Earnings Report
US:NYSE Investor Relations: ir.blackrock.com
Company Research Source: Fortune
Recommended Video BlackRock, the world's largest asset management firm with $14 trillion in assets under management, surveyed 1,000 registered voters, asking how much they'd need to retire comfortably, and the average response was roughly $2.1 million. “That's a lot. More than I was expecting,” Fink wrote. And “almost no one is close,” considering 62% of those surveyed had less than $150,000 saved for retirement. That figure is only about 7% of what they think they need to retire comfortably. Fink, 73, has long warned about America's retirement crisis , with one of his other main arguments being the security system will fail because life expectancy is rising . Plus, retirement and needing senior care gets expensive. “When you're retired, you're basically living on a fixed income,” Rita Choula, senior director of caregiving with the AARP Public Policy Institute, previously told Fortune . “If you have not factored in an additional $7,000, $8,000, $9,000 a year for your fixed in Show less Read more
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