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 2 days 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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[–] ShieldsUp@startrek.website 1 points 1 day ago (1 children)

You are ignoring the propaganda and corruption these folks experienced their entire lives, in a time where media was even more tightly controlled than it is now. This generalization and attack on an age group (not mine, I'm millennial) misses the entire point in my opinion. Getting mad at boomers is not in any way helping, especially as it relates to this article. People have been fooled their entire lives and I feel bad for all of us.

[–] Flocklesscrow@lemmy.zip 2 points 1 day ago

They were "Generation Me" before anything else.

I'm not getting mad at Boomers; I'm apportioning blame as I see it merited. Why should they be denied their own culpability?

They could have received college educations for the price of a modest car; most chose to remain ignorant. Even now, Boomers hold pervasive views of intellectual resentment; they sent their own kids off to college, and then refused to listen to an educated word they had to say.