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BlackRock's Larry Fink on the Retirement Savings Crisis

The founder of the world’s largest asset manager talks about solving the retirement crisis, private chats with government officials, and his personal investment portfolio

Photograph by Daniel Shea for Bloomberg Businessweek

You’ve called the national savings level a crisis. If you could get piped onto the TV screen of every American home tonight, what is the single scariest thing you could say to people to get their attention?
So if I’m speaking to those who are, let’s say, 45 and older, I would say if you don’t start thinking about how longevity is going to change your future, you most probably will have to work much longer than you ever dreamed of doing. Or you’d better start becoming very nice and very good to your children, because most probably you’ll be living with them.