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.
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
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.
Might be there as well. Through my 40s I scored two solid sysadmin roles, now I can’t score an interview.
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.
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?!
You know what Congress could do instead if they weren’t fucking morons? Eliminate the cap on social security taxes. Viola! Crisis averted.
Morons or enemies to their fellow men?
Porque no los dos?
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?”
He’s the CEO, he can just keep working himself until he dies. They run companies by themselves anyway…
They certainly get paid like they do
Bruh, they already are, and they still can’t afford rent.
The same Larry fink who helped pioneer mortgage backed securities that helped crash the market in 2008?
I’ve got a couple ideas for Larry Fink…
This should go over well
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.
Someone angry at the NFL should visit their offices
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.
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.
This asshole should retire from life.
How bout we tax his fortune and work less?
When the average american’s lifespan is falling? 🤣
Hey that’s gonna be another savings, let’s keep that up! Postponing COVID shots until you’re 75 should help with that!
