BlackRock’s Magyera on Latest Future of Wealth Report
A BlackRock survey found that while 7 in 10 Americans believe they are on track for retirement, workplace savings may replace only 50% to 60% of the retirement income they expect to need. Jaime Magyera says the gap varies by age, income and access to a workplace plan, while competing expenses make it difficult for people to save more. She speaks to Romaine Bostick & Sally Bakewell on "The Close." (Source: Bloomberg)