BlackRock CEO Larry Fink says Americans are dramatically underprepared for retirement - and the numbers paint a grim picture. In his 2025 annual shareholder letter, Fink, 73, told Americans they "haven't saved enough to retire comfortably." BlackRock manages about $14 trillion in assets, more than half of which are for retirement.
Once considered a cornerstone of wealth-building, homeownership is now viewed as a barrier to retirement readiness. About 35% of respondents cited rising housing costs including rent, mortgage payments, property taxes and other expenses as the biggest obstacle to preparing for retirement. That figure surpassed concerns over market volatility and economic uncertainty (29%), insufficient retirement income (28%), and financial support for children or aging parents (27%).
