BlackRock CEO Larry Fink believes boomers should retire later than 65

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Posted: 3/27/2024 12:59:34 PM EDT

BlackRock (BLK) CEO Larry Fink has some strict criticism for the generation born in the 1950s, often known as baby boomers, or boomers for short. The executive, who is a boomer himself, claimed in a new letter to BlackRock investors that the older generation hasn’t been doing enough to help the “economically anxious” younger generations and should retire at an age later than 65.

“It’s no wonder younger generations, Millennials and Gen Z, are so economically anxious,” said Fink in the letter. “They believe my generation — the baby boomers — have focused on their own financial well-being to the detriment of who comes next. And in the case of retirement, they’re right.”

Fink also said in the letter that younger generations “have lost trust in older generations,” and that it is the responsibility for boomers to gain it back by making investments. “Young people have lost trust in older generations,” he said. “The burden is on us to get it back. And maybe investing for their long-term goals, including retirement, isn’t such a bad place to begin.”

Fink also states in the letter that he believes that older generations should retire at an age over 65 due to changing demographics in the country. He claims that people are living longer than they did in the early 20th century, and that the Social Security program worked during that era because “more than half the people who worked and paid into the system never lived to retire and be paid from the system.

https://www.sacbee.com/news/business/article287120430.html

Posted: 3/27/2024 1:01:55 PM EDT

[#1]

His concern is noted.

Posted: 3/27/2024 1:02:55 PM EDT

[#2]

He’s 71

Posted: 3/27/2024 1:03:16 PM EDT

[#3]

Of course he does.

Posted: 3/27/2024 1:03:22 PM EDT

[#4]

Work slave, work.

Posted: 3/27/2024 1:03:48 PM EDT

[#5]

We have mandatory retirement.

Posted: 3/27/2024 1:04:37 PM EDT

[#6]

Maybe he should assist in the stopping of our economy being trashed

Posted: 3/27/2024 1:04:41 PM EDT

[#7]

Let's see him swing a framing hammer for 50 years and then comment on retirement age.

Posted: 3/27/2024 1:04:44 PM EDT

[#8]

LOL. I punched out at 62.

Posted: 3/27/2024 1:04:50 PM EDT

[#9]

Too late mother fucker, I left at 58 and am fucking the dog as we speak.

Besides, if I stay that's one more kids unemployed

Posted: 3/27/2024 1:08:05 PM EDT

[#10]

Quote History

Quoted:
Too late mother fucker, I left at 58 and am fucking the dog as we speak.

Besides, if I stay that's one more kids unemployed

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@CavVet

What?

Posted: 3/27/2024 1:09:23 PM EDT

[#11]

Quote History

Quoted:

@CavVet

What?

View Quote View All Quotes

View All Quotes

Quote History

Quoted:

Quoted:
Too late mother fucker, I left at 58 and am fucking the dog as we speak.

Besides, if I stay that's one more kids unemployed

@CavVet

What?

Aren’t we all fucking the dog in a sense?

Posted: 3/27/2024 1:10:31 PM EDT

[#12]

Quote History

Quoted:

Aren’t we all fucking the dog in a sense?

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Is this a figure of speech I'm unfamiliar with?

Posted: 3/27/2024 1:10:54 PM EDT

[#13]

Boomers are like people who line up early for a buffet, eat all the food, leave a big mess, and criticize late comers for complaining that they're hungry and getting ripped off.

America is a Gerontocracy. Today's young people, when it's your turn be sure to chain your kids to the wheel just like the boomers did you.

Posted: 3/27/2024 1:10:58 PM EDT

[#14]

Okay boomer.

Posted: 3/27/2024 1:11:16 PM EDT

[#15]

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Work slave, work.

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Precisely

Posted: 3/27/2024 1:12:26 PM EDT

[#16]

Quote History

Quoted:

Is this a figure of speech I'm unfamiliar with?

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It's a figure of speech that I'm both unfamiliar with and unwilling to adopt.

Posted: 3/27/2024 1:12:46 PM EDT

[#17]

I mean if we want to get social security under control it’s an option that needs to be considered. No?

Posted: 3/27/2024 1:12:55 PM EDT

[#18]

He can take his advice and shove it up his DEI-stained ass.

Posted: 3/27/2024 1:13:15 PM EDT

[#19]

Wait, I thought that Boomers NOT retiring was the problem because they are occupying high-pay roles and preventing advancement of younger generations?

Posted: 3/27/2024 1:13:28 PM EDT

[#20]

Quote History

Quoted:

@CavVet

What?

View Quote View All Quotes

View All Quotes

Quote History

Quoted:

Quoted:
Too late mother fucker, I left at 58 and am fucking the dog as we speak.

Besides, if I stay that's one more kids unemployed

@CavVet

What?

it means to fuck off, be a bum. I first heard it from a Canadian that came down to Florida.

http://onlineslangdictionary.com/meaning-definition-of/fuck-the-dog

Posted: 3/27/2024 1:13:33 PM EDT

[#21]

Quote History

Quoted:
Work slave, work.

View Quote

Bingo

Posted: 3/27/2024 1:14:14 PM EDT

[#22]

Fuck. Off.

Posted: 3/27/2024 1:14:35 PM EDT

[#23]

Get back in your wage cage, peasant.

Posted: 3/27/2024 1:15:09 PM EDT

[#24]

I think you should retire when you think you have the money to retire, if you run out early you are on your own. I'm 53 and retired and I never once planned on getting anything out of social security. If I do it's just a bonus.

Posted: 3/27/2024 1:15:53 PM EDT

[#25]

Quote History

Quoted:
Let's see him swing a framing hammer for 50 years and then comment on retirement age.

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I worked construction until I was 53, dad died and set me up to be able to retire. I feel better at 55 than I did at 35. trades take a toll for sure. I got lucky most of my former co workers are near crippled and many on disability.

Posted: 3/27/2024 1:15:53 PM EDT

[#26]

He's probably disappointed that covid and the clawt shawt didn't kill enough people too.

Posted: 3/27/2024 1:16:41 PM EDT

[#27]

Isn’t that the financial group forcing the ESG bullshit? And why is it better for Boomers to hold up jobs for another 5-8 years?

Posted: 3/27/2024 1:17:27 PM EDT

[#28]

Quote History

Quoted:
Too late mother fucker, I left at 58 and am fucking the dog as we speak.

Besides, if I stay that's one more kids unemployed

View Quote

I don’t think my dog would have tolerated that

Posted: 3/27/2024 1:18:00 PM EDT

[#29]

Quote History

Quoted:

It's a figure of speech that I'm both unfamiliar with and unwilling to adopt.

View Quote View All Quotes

View All Quotes

Quote History

Quoted:

Quoted:

Is this a figure of speech I'm unfamiliar with?

It's a figure of speech that I'm both unfamiliar with and unwilling to adopt.

I believe what CavVet is saying is those of us who are retired, have earned it and we will continue to enjoy it, despite the whining of an egotistical globalist cunt and mucking up his plans of taking over the world.

Unless he’s literally fucking a dog then I disavow all previous associations with CavVet and completely disapprove of said disgusting activities.

Posted: 3/27/2024 1:18:32 PM EDT

[#30]

Flarryfink should take swim in a gator pond.

Posted: 3/27/2024 1:18:53 PM EDT

[#31]

Too late. Where's my check?!

Posted: 3/27/2024 1:19:11 PM EDT

[#32]

Sorry Larry I retired last year at 62.

Posted: 3/27/2024 1:19:28 PM EDT

[#33]

Quote History

Quoted:

it means to fuck off, be a bum. I first heard it from a Canadian that came down to Florida.

http://onlineslangdictionary.com/meaning-definition-of/fuck-the-dog

View Quote

Thanks. I never heard that term before GD.

I just learned that Caff is British slang for cafe (a place that serves British breakfasts), chippy (fish 'n chip shop).

Posted: 3/27/2024 1:20:05 PM EDT

[#34]

He doesn’t work, he’s rich beyond belief.

If he gave it all away to the Treasury and went to work at Walmart, then let’s see what he has to say.

Posted: 3/27/2024 1:20:07 PM EDT

[#35]

What a bunch of rubbish. It's somewhat of a static analysis, ignoring multiple contributing factors

Posted: 3/27/2024 1:20:31 PM EDT

[#36]

Quote History

Quoted:
Isn’t that the financial group forcing the ESG bullshit? And why is it better for Boomers to hold up jobs for another 5-8 years?

View Quote

Yes.

But because boomers rarely have savings. And they’re going to be a huge draw to society when they can no longer work / are forced to retire. So he is encouraging them to use the advantages they have now, pile into their meager retirement accounts. Which benefits him.

Where as younger generations, don’t have the ability to save - because they’re spending to afford life right now. So his business would suffer, if more boomers retired and drew down their retirement.

Pretty easy math.

Posted: 3/27/2024 1:22:07 PM EDT

[#37]

Of course he does. As they age, greater chance they die and govt can once again raid social security, Medicaid Medicare

Posted: 3/27/2024 1:22:52 PM EDT

[#38]

It's not my job to plan for macro-cultural-socioeconomic trends. I live the law of the jungle: kill or be killed, eat what you kill. Die another day. Only the strong survive. It's a competition out there. Kick ass and take names. Sometimes you swat the tiger on his nose., other times he bites you in the ass.

Generations want some sort of magnanimous acquiescence from me? No.

Posted: 3/27/2024 1:23:39 PM EDT

[#39]

I’m retiring at 55, and he can kiss my happy ass.

Posted: 3/27/2024 1:26:08 PM EDT

[#40]

"Don't even care" meme

Posted: 3/27/2024 1:26:17 PM EDT

[#41]

I am retiring in two weeks. My efforts all along have been to accumulate assets, secure the assets in a manner where they do not get depleted, grow them and then to pass along whatever is not needed to my children and grandchildren both while I'm alive and after my demise. I've counseled them to do the same so hopefully the 'wealth' gets passed along multiple generations and helps give the family as good a chance at their own success as is possible. In this way we are not a burden on the government/fellow citizens and can possibly create opportunities for others.

Posted: 3/27/2024 1:27:04 PM EDT

[#42]

He's a commie so who gives a shit.

Posted: 3/27/2024 1:27:12 PM EDT

[#43]

Whenever I do something I first think "What would Larry Fink do?", and then I do the opposite.

Posted: 3/27/2024 1:27:50 PM EDT

[#44]

Like a working man gives a flying fuck what that shit stain thinks.

There’s a lamp post waiting for that cocksucker, so retire now and enjoy what’s left.

Posted: 3/27/2024 1:28:09 PM EDT

[#45]

I wish I was a boomer! I’m not drawing enough ridicule and scorn being a heterosexual white male.

Posted: 3/27/2024 1:28:11 PM EDT

[#46]

Larry Stink.

Posted: 3/27/2024 1:28:59 PM EDT

[#47]

Go.

Fuck.

Yourself.

Posted: 3/27/2024 1:29:06 PM EDT

[#48]

Fuck him. I retired last month at 60. Both my grandfathers never made it to 60 and my dad died at 69. I say get as many good years as you can by retiring as early as possible.