Dossier
Rita Choula
Coverage of Rita Choula in the Nexus archive.
- 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’
BlackRock CEO Larry Fink warns that Americans are significantly underprepared for retirement, citing a survey showing most have saved less than 7% of the $2.1 million needed. He highlights challenges like rising life expectancy, the reliance on 401(k)s without clear guidance, and the impending retirement of Gen X, which will exacerbate the crisis.