Retirement Planning Crisis Looms as Medical Breakthroughs Outpace Savings
New York, USA – The chief executive of BlackRock, the world’s largest asset manager, Larry Fink, has raised concerns about the future of retirement planning in the United States. In his annual letter to investors, Fink emphasized the growing gap between pension savings and advancements in medical technology that are prolonging people’s lives. He warned of a potential “retirement crisis” looming on the horizon as financial preparations lag behind the progress in life-extending treatments such …