BlackRock CEO Larry Fink Expresses Serious Concerns Over Retirement Conditions Now And In The Future

Benzinga03-29

Americans share many financial concerns. Among them are inflation, earning a competitive wage, maintaining an emergency fund and saving for retirement. When you consider all these concerns as a whole...

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Among them are inflation, earning a competitive wage, maintaining an emergency fund and saving for retirement. \nWhen you consider all these concerns as a whole...</p>\n\n<a href=\"https://finance.yahoo.com/news/blackrock-ceo-larry-fink-expresses-170012302.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0238689110.USD","symbol_name":"贝莱德环球动力股票基金","start_time":0,"source_url":"https://finance.yahoo.com/news/blackrock-ceo-larry-fink-expresses-170012302.html","article_id":"2423806145","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/tu3PgcbFgb3CP0IflNjARQ--~B/aD01NjM7dz0xMDAwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/Benzinga/8dc76b26b79333fa6488eac8b387d40f"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2423806145","pubTimestamp":1711645212,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Americans share many financial concerns. Among them are inflation, earning a competitive wage, maintaining an emergency fund and saving for retirement.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.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?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.Consulting a financial adviser can help you create a plan for building an emergency fund and sa","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0238689110.USD":"贝莱德环球动力股票基金","AAPL":"苹果","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","BK4170":"电脑硬件、储存设备及电脑周边","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","BLK":"贝莱德","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0072462426.USD":"贝莱德全球配置 A2","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU0456855351.SGD":"JPMorgan Funds - Global Equity A (acc) SGD","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","LU0056508442.USD":"贝莱德世界科技基金A2","BK4592":"伊斯兰概念","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU0080751232.USD":"富达环球多元动力基金A","TSLA":"特斯拉","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","BK4571":"数字音乐概念","LU0234572021.USD":"高盛美国核心股票组合Acc","BK4585":"ETF&股票定投概念","BK4507":"流媒体概念","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","BK4576":"AR","LU0109392836.USD":"富兰克林科技股A","LU2063271972.USD":"富兰克林创新领域基金","BK4575":"芯片概念","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BK4501":"段永平概念","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","BK4527":"明星科技股","BK4579":"人工智能","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","BK4588":"碎股","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0444971666.USD":"天利全球科技基金","LU1548497426.USD":"安联环球人工智能AT Acc","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","BK4574":"无人驾驶","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","BK4573":"虚拟现实","BK4505":"高瓴资本持仓","LU0289739343.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (SGD) ACC","BK4581":"高盛持仓","GOTU":"高途","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC"},"translate_title":"贝莱德首席执行官拉里·芬克对现在和未来的退休条件表示严重关切","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSLA":1,"AAPL":1,"GOTU":1,"BLK":1},"content_text":"Americans share many financial concerns. Among them are inflation, earning a competitive wage, maintaining an emergency fund and saving for retirement. \nWhen 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.\nBut 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. \nDon't Miss:\n\nThe average American couple has saved this much money for retirement — How do you compare?\nCan you guess how many Americans successfully retire with $1,000,000 saved? The percentage may shock you.\n\nIn 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. \nFink has reason to believe that things may get better.\n\"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. These new programs could also help the U.S. ensure the long-term solvency of Social Security. That's what Australia found — their superannuation guarantee relieved the financial tension in their country's public pension program.\"\nBut that's only part of the problem.\nFink also touched on the fact that only \"4-in-10 Americans don't have $400 to spare to cover an emergency like a car repair or hospital visit.\"\nWith that, it's easy to see why so many people fall behind in saving for retirement. They don't have the money they need today, so the furthest thing on their minds is saving for a retirement that's 20, 30 or even 40 years away.\n\"Studies show that when people have emergency savings, they're 70% more likely to invest for retirement,\" he wrote. \"But this is where workers run into another barrier: Investing is complex even if you can afford it.\"\nThis leads to challenges such as:\n\nYounger Americans and a knowledge barrier: Younger Americans have the financial means but lack the necessary knowledge to start investing, making this a significant obstacle to their participation in the investment world.\nPerceived financial inaccessibility: Many people feel that their current financial situations — characterized by limited disposable income, the need for higher earnings or substantial debt — prevent them from investing. This perception emphasizes a common view of investing as something beyond reach for a significant part of the population.\nWidespread need for financial education: A gap in investment education leaves many potential investors feeling unprepared. The desire for more knowledge and understanding of investing underscores a broad-based demand for enhanced financial literacy.\n\nConsulting a financial adviser can help you create a plan for building an emergency fund and saving for retirement. A professional can share guidance, answer your questions and help ease stress tied to your financial future.\nRead Next:\n\nFor many first-time buyers, a house is about 3 to 5 times your household annual income – Are you making enough?\nBreaking records, mortgage loans generated $12.25 trillion of household debt nationwide – What are the other major categories of debt?\n\n*This information is not financial advice, and personalized guidance from a financial adviser is recommended for making well-informed decisions.\nChris Bibey has written about personal finance and investment for the past 15 years in various publications and for various financial companies. He is not a licensed financial adviser, and the content herein is for information purposes only and is not, and does not constitute or intend to constitute, investment advice or any investment service. While Bibey believes the information contained herein is reliable and derived from reliable sources, there is no representation, warranty or undertaking, stated or implied, as to the accuracy or completeness of the information.\n\"ACTIVE INVESTORS' SECRET WEAPON\" Supercharge Your Stock Market Game with the #1 \"news & everything else\" trading tool: Benzinga Pro - Click here to start Your 14-Day Trial Now!\nGet the latest stock analysis from Benzinga?\n\nAPPLE (AAPL): Free Stock Analysis Report\nTESLA (TSLA): Free Stock Analysis Report\n\nThis article BlackRock CEO Larry Fink Expresses Serious Concerns Over Retirement Conditions Now And In The Future originally appeared on Benzinga.com\n© 2024 Benzinga.com. Benzinga does not provide investment advice. 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