You may need to work longer, ramp up investment risk to afford retirement, BlackRock CEO Fink says

"Asset owners are the biggest beneficiaries of monetary policy, and this is why I think a year ago, two years ago, I talked about we needed more fiscal stimulus and maybe less monetary stimulus," he added.

Fink said he believes people are increasingly beginning to put money to work in the stock market instead of keeping it in lower-risk investments or savings accounts. While the Federal Reserve's interest policy directly relates to short-term borrowing among banks, it still impacts savings and borrowing rates for everyday Americans. Currently, the federal funds rate is anchored near zero as the central bank tries to support an economic recovery from the Covid pandemic.

The effective federal funds rate has been below 2% for much of the post-2008 financial crisis period, with the exception of between October 2018 and September 2019, according to"Many of the savers are now more confused, and I think some of them are now, finally, entering into equities and other asset categories as a part of it," said Fink, who noted he's long advocated forThe traditional allocation for investors' portfolios has been 60% in stocks and 40% in bonds, often...

BlackRock benefits from people putting money into all manner of investment vehicles, including stocks and bonds. Fink's company in the second quarter"We are going to have to address what I would call the silent crisis of retirement," Fink said. "People are going to have to, unfortunately, whether they like it or not, they may have to work longer because they're not earning the same returns on their savings.

The future generations are screwed. When young people are giving up, this country has no future.

Yeah Fk that

BlackRock CEO is 100% on the spot on the current situation for the folks who are within mid-life crisis period

Only if you invest in banks. Every other asset class has rocked.

Actually will need to work longer to pay for Biden’s green new deal, illegal immigrant surge (1MM so far), new welfare programs etc

The intermediary for the Fed driving up the price of all the assets to ensure your average american is a debt slave for life telling you to 'risk even more' so you might not die of old age on the job is what Occupy Wall Street was all about before the media distracted us. 🇺🇸

No. Americans need to be taxed less so they may invest in themselves instead of a corrupt government taking their money and wasting it with no accountability.

Sad but true.

Oppure espropriare i loro 8000 miliardi

Demons

Or invest in crypto 🤯 omg

I was at the verge of quitting until I was introduced to Maria and my story changed mariadbates2

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