BlackRock CEO says Social Security’s retirement age ‘a bit crazy’

In his annual letter to investors, BlackRock CEO Larry Fink highlighted the strain on Social Security due to the aging U.S. population and the impending insolvency of the retirement system.

Fink explained the history and economics behind Social Security, emphasizing the shift in demographics over the 20th century.

He pointed out the declining ratio of covered workers to beneficiaries, which has exacerbated financial challenges.

Fink noted the increasing longevity of retirees and the probability of receiving Social Security benefits until age 90 for married couples, Fox Business reported.

READ MORE: https://www.foxbusiness.com/economy/blackrock-ceo-says-social-securitys-retirement-age-a-bit-crazy-crisis-looms

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