Larry Fink
Americans are not saving enough for retirement, which is a bigger issue than tax policy, Larry Fink, chairman and CEO of investment firm BlackRock, told CNBC on Wednesday.
Bonds are no longer providing sufficient returns, Fink said in a "Squawk Box" interview, because longer life spans are making retirement income even more crucial.
He said the U.S. needs a mandatory savings policy.
—By CNBC's Matthew J. Belvedere. Follow him on Twitter @Matt_SquawkCNBC.
Americans are not saving enough for retirement, which is a bigger issue than tax policy, Larry Fink, chairman and CEO of investment firm BlackRock, told CNBC on Wednesday.
29 May, 2013
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Source: http://www.cnbc.com/id/100772484
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