Earlier this year, Larry Fink, BlackRock’s Chairman and CEO, talked about the retirement crisis and the difficulty that individuals face when planning for their financial future. Saving for retirement can be challenging due to various factors such as rising living costs, longer life expectancies, and the decline of traditional pension plans. Continuing the conversation, Oscar is joined by Lacy Garcia, CEO and Founder of Willow, a wealth technology firm and Katie Cullen, Head of Business Consulting at BlackRock. Lacy leads her firm with a powerful mission to help next generation investors, most notably women and underrepresented groups, to achieve financial security. Lacy will discuss her motivations for starting Willow, the challenges she faced along the way, and her advice for budding entrepreneurs. Katie covers the current retirement landscape, how that pertains to diverse communities, and some practical considerations for anyone looking to plan their own financial future.
Sources: ‘Read on Retirement’, BlackRock 2024, BlackRock People and Money report, 2020, Fidelity Institutional Insights ‘Meeting The Moment’, December 2021; Two-Thirds of Americans Have Decreased Spending Due To Economy, Wells Fargo, Newsroom, February 2024
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