Fink believes an aging population is stressing retirement safety nets such as Social Security, an issue that is set to worsen as medical breakthroughs like weight-loss drugs extend people’s lives. More than half of the assets Blackrock manages are for retirement, and getting more people investing more of their assets in capital markets is key to securing comfortable retirements, Fink says.
“As a society, we focus a tremendous amount of energy on helping people live longer lives. But not even a fraction of that effort is spent helping people afford those extra years,” Fink wrote in his annual letter to shareholders.
https://www.wsj.com/finance/investing/blackrock-larry-fink-annual-letter-8484e68e