BlackRock CEO Larry Fink launches "LifePath Paycheck" to help 500,000 employees save for retirement amidst a US retirement crisis.
BlackRock CEO Larry Fink urges the government and private sector to address the US retirement crisis and launches the "LifePath Paycheck" product in April. The LifePath Paycheck will be available to 500,000 employees as defined contribution plans, aiming to help Americans have enough money for retirement. Fink calls for a high-level effort to ensure future generations can live out their final years with dignity, as data shows nearly half of Americans aged 55 to 65 report not having a single dollar saved in personal retirement accounts.
March 26, 2024
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