BlackRock CEO Larry Fink caused quite a stir when he suggested America could dodge its looming “retirement crisis” by encouraging people to continue working past age 65.
The billionaire, who chairs the world’s largest asset management firm, kicked off his 2024 annual letter to shareholders by telling his readers it is “time to rethink retirement.”
He raised the point that more Americans are retiring and their retirements are increasing by length. This, he claims, is having a “massive impact on the country’s retirement system” — specifically the nation’s Social Security coffers, which are quickly running out of money.
With all the productivity gains in the last 50 years we should be working shorter work weeks and retire earlier.
That this discussion is even happening just goes to show how the rich have pulled the wool over our eyes.
That’s stupid, that could cut the stock market by a percent or two!
What kind of motion would rather have a better life instead of seeing numbers arbitrarily go up?!