BlackRock CEO says Trump Accounts could be a 'very significant step' for young Americans

BlackRock CEO Larry Fink said in his annual chairman's letter that Trump Accounts could provide a "very significant" boost in jump-starting savings and investment by younger Americans.

Fink noted that Americans are struggling to save money for emergencies in addition to funding retirement plans, and explained that early wealth-building accounts for newborn children can help them start life on a solid financial footing.

He said that experiments in Canada, the U.K. and Singapore have...