Start stocking up your savings now – and avoid a retirement crisis

Yes, Larry Fink really stepped in it when he started messaging woke Environmental Social Governance as the savior of mankind.

But this column has always sought to put his career into the context it deserves.

Fink is one of the most knowledgeable financiers on the planet, and it’s worth paying attention to what he says on the next crisis to hit average Americans: not having enough money for retirement. 

Fink gets tarred, a bit unfairly IMHO, for proselytizing about corporate wokeism and its manifestation in so-called ESG investing, i.e. asset managers prodding companies to reduce their carbon footprint and be good citizens of the world, instead of the necessities like building shareholder value and employing people.

Truth be told, he has never been for divestiture from fossil fuels, and if you know him, he’s not that woke. 

Even so, he does a lot less of that stuff now as ESG has become so politically toxic.