A Boring Dystopia

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BlackRock CEO Larry Fink said America could dodge a ‘retirement crisis’ by encouraging people to work longer (news.yahoo.com)

submitted 1 week ago by FlashMobOfOne@lemmy.world to c/aboringdystopia@lemmy.world

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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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[–] jaybone@lemmy.zip 2 points 1 week ago (5 children)

Young people are blaming “boomers” (because they don’t know what that actually means)

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[–] ODuffer@lemmy.world 2 points 1 week ago* (last edited 1 week ago)

The UK is moving to 70... The State Pension Age Is Set To Rise To 70 - Meaning Millions In The UK May Have To Work Longer Before Retiring https://share.google/HGtYnhv1hEwIATIN8

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