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Larry Fink, BlackRock CEO, raises alarm on social security crisis – USA TODAY

BlackRock CEO Larry Fink says it’s time to “rethink” retirement from his position at the helm of the world’s largest asset manager.

inside 2024 Annual Chairman’s Letter to Investors In an announcement Tuesday, Fink said the “retirement crisis” has become severe enough to call for a national rescue effort comparable to that in response to the 2008 mortgage crisis.

“America needs a coordinated, high-level effort to ensure that future generations can live out their final years with dignity,” Fink wrote.

He said helping workers invest in personal retirement funds could be the key to the solution. But he also called for starting a dialogue on the classically most important issue of retirement age.

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