By Theresa Ghilarducci
Source: Pensions & Investments

In March, Blackrock CEO Larry Fink made headlines with a shareholder letter warning about our broken retirement system, noting that “nearly half of Americans aged 55 to 65 reported not having a single dollar saved in personal retirement accounts. Nothing in a pension. Zero in an IRA or 401(k).”

The American worker knows the retirement system is broken and they don’t like it. In a recent national survey, 79% of those who responded said that America is facing a retirement crisis, and 87% said people in Washington don’t know how hard it is for a person to save for retirement.

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