“BlackRock’s Larry Fink sees Social Security crisis, says 65 retirement age ‘a bit crazy’”
March 27, 2024
“…Worsening the outlook is a Social Security system that has said it will not be able to pay full benefits by 2034...
Fink said it is worth taking a look at when Americans are expected to start accessing Social Security benefits, typically a sensitive topic that no politician wants to touch. He noted potential solutions including either raising the age for benefits or finding ways to encourage working later.
“No one should have to work longer than they want to,” he said. “But I do think it’s a bit crazy that our anchor idea for the right retirement age, 65 years old, originates from the time of the Ottoman Empire.”…”
Read the bold. I’ve been saying this for a while but I’ll say it again. As a millennial do not expect to receive social security or any type of pension. Government debt is to high and the monetary system will collapse before then. Pay attention to what I’m saying. It could save your life in the future. The U.S. is not going to save you in retirement age. It can’t save itself. It’s going to collapse. Prepare for your own future. Get ready now.