this post was submitted on 23 Sep 2025
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A Boring Dystopia

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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.

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[–] F_State@midwest.social 1 points 8 hours ago

They'd be no retirement crisis if the government paid back all the money it borrowed from Social Security. Or if a steady stream of Immigrants came to our country.

[–] F_State@midwest.social 1 points 8 hours ago

They'd be no retirement crisis if the government paid back all the money it borrowed from Social Security. Or if a steady stream of Immigrants came to our country.

[–] F_State@midwest.social 1 points 8 hours ago

They'd be no retirement crisis if the government paid back all the money it borrowed from Social Security. Or if a steady stream of Immigrants came to our country.

[–] F_State@midwest.social 1 points 8 hours ago

They'd be no retirement crisis if the government paid back all the money it borrowed from Social Security. Or if a steady stream of Immigrants came to our country.

[–] DarkAri@lemmy.blahaj.zone 14 points 6 days ago

Or you could stop printing trillions of dollars to give to corporations and let people have a sub 40 hour work week so they have kids who aren't economic migrants.

[–] Randomgal@lemmy.ca 8 points 6 days ago* (last edited 6 days ago) (1 children)

Dont need to pay retirees if the condition for retirement is death. Easy money. Capitalism works.

[–] LemmyKnowsBest@lemmy.world 1 points 6 days ago

Do? Or don't?

[–] bagsy@lemmy.world 3 points 6 days ago

I've got a couple ideas for Larry Fink.....

[–] LemmyKnowsBest@lemmy.world 3 points 6 days ago

I'm pretty sure the current retirement age is set at 72. Right?

For far too many people that means work until death. Likelihood of expiring before retirement age.

[–] SoftestSapphic@lemmy.world 3 points 6 days ago

Someone angry at the NFL should visit their offices

[–] hark@lemmy.world 2 points 6 days ago

This asshole should retire from life.

[–] jubilationtcornpone@sh.itjust.works 78 points 1 week ago (1 children)

You know what Congress could do instead if they weren't fucking morons? Eliminate the cap on social security taxes. Viola! Crisis averted.

[–] ArgumentativeMonotheist@lemmy.world 32 points 1 week ago (1 children)

Morons or enemies to their fellow men?

[–] jubilationtcornpone@sh.itjust.works 19 points 1 week ago (1 children)

They're intelligent enough to know that doing shit like this will be to their gain in this world, but not mature enough not to do it (nor do they believe in God and the Day of Judgment). They're not morons, drooling over themselves and thinking 1+1=shoe, they're just bad people. It's an important distinction to make, and the following questions are "who isn't a bad person in the American government?" and "why does my society seem to be okay-enough with all of this?"

[–] joekar1990@lemmy.world 57 points 1 week ago (1 children)

The same Larry fink who helped pioneer mortgage backed securities that helped crash the market in 2008?

[–] j5906@feddit.org 19 points 1 week ago (1 children)
[–] Zier@fedia.io 52 points 1 week ago

Remove the income cap and make the wealthy pay into the system like should always have been doing. This is a made up crisis created by the wealthy.

[–] Rooskie91@discuss.online 42 points 1 week ago

How bout we tax his fortune and work less?

[–] makyo@lemmy.world 38 points 1 week ago* (last edited 1 week ago) (1 children)

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.

[–] droans@midwest.social 7 points 1 week ago

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?!

[–] AA5B@lemmy.world 25 points 1 week ago* (last edited 1 week ago) (1 children)

encouraging people to continue working past age 65.

We already made this adjustment to social security: retirement age is 67. This is just an excuse to pay less to people who are forced to retire for health or job reasons

Speaking as someone who probably can’t afford to retire, I expect my “retirement age” to be whenever ageism catches up so I can no longer get a job

[–] HubertManne@piefed.social 6 points 6 days ago (1 children)

I might already be there. Figured it would be till im physically unable to work but who knew jobs would just not be there. Man I was way to optimistic.

[–] shalafi@lemmy.world 2 points 6 days ago (1 children)

Might be there as well. Through my 40s I scored two solid sysadmin roles, now I can't score an interview.

[–] partial_accumen@lemmy.world 1 points 4 days ago

I don't see many pure sysadmin roles listed anymore. Companies seem to want to squish two or more roles together so we have DevOps roles or SREs.

[–] A_norny_mousse@feddit.org 23 points 1 week ago* (last edited 1 week ago) (1 children)

TAX. THE. RICH.

Failing that, laugh their silly propositions out of the room.

I don't even know this guy but I want to slap him for his stupid arrogance. You really think we don't see what you're doing there?

I want so much more than to slap billionaires…

[–] SuiXi3D@fedia.io 22 points 1 week ago

Bruh, they already are, and they still can't afford rent.

[–] Shotgun_Alice@lemmy.world 19 points 1 week ago

So let’s take advice form a billionaire who should choose to retire at any time. I really can’t wait for the class wars to start. I’m tired of this culture war.

[–] avidamoeba@lemmy.ca 19 points 1 week ago* (last edited 1 week ago)

How bout use the increase in worker productivity to provide for the retired population over the last 50 years? We'll take the remainder for a new welfare state too.

[–] Asafum@feddit.nl 18 points 1 week ago

"encourage"

"Work or starve. Your choice."

[–] HootinNHollerin@lemmy.dbzer0.com 18 points 1 week ago* (last edited 1 week ago)

Throw him in a cage with a large hamster wheel and live stream it while viewers yell through speakers for him to fuckin keep working. Now thats a black mirror episode idea which wouldn’t air, but it would be a fuckin hit

[–] anachronist@midwest.social 14 points 1 week ago
[–] webp@mander.xyz 10 points 1 week ago (1 children)

When the average american's lifespan is falling? 🤣

[–] Mouselemming@sh.itjust.works 4 points 1 week ago

Hey that's gonna be another savings, let's keep that up! Postponing COVID shots until you're 75 should help with that!

[–] commiunism@lemmy.dbzer0.com 7 points 1 week ago* (last edited 1 week ago) (2 children)

That's what most countries are doing rn, with Denmark or some other """"nordic socialist"""" country recently pushing retirement age to 70 and others talking about it or slowly pushing the age forward as well

[–] DarkAri@lemmy.blahaj.zone 8 points 6 days ago (1 children)

It's a giant scam to force people to pay into a retirement that they are going to die before they see. There is like a thousand other ways to fix retirement like, get rid of prescription drug laws and the excessive parents and copyright system.

I know you meant "patents," but filial responsibility laws need to go, too. Adult children should not be expected to foot the bill for their aging parents' inflated medical bills.

[–] AA5B@lemmy.world 3 points 1 week ago

Does the us have the safety net programs in place to support that? The social welfare systems supporting a longer healthspan and lifespan?

[–] Kolanaki@pawb.social 5 points 1 week ago

"Just work until you die."

[–] Ging@anarchist.nexus 5 points 1 week ago (1 children)
[–] Hobbes_Dent@lemmy.world 9 points 1 week ago

Betcha it would go over just fine in the USA.

All those jokes about white flags and yet France can actually protest. Or wants to.

[–] l_isqof@lemmy.world 4 points 1 week ago (1 children)

He's the CEO, he can just keep working himself until he dies. They run companies by themselves anyway...

[–] this@sh.itjust.works 3 points 1 week ago

They certainly get paid like they do

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