Larry Fink, the billionaire CEO of the world's largest asset management firm, wrote in his annual letter to investors on Tuesday that it is 'a bit crazy' that 65 is viewed as a sensible retirement age in the United States, drawing swift backlash from Social Security defenders and policy analysts. Dean Baker, senior economist at the Center for Economic and Policy Research, replied that the CEO of BlackRock apparently doesn't know the U.S.
Congress must expand Social Security.' Roughly half of older Americans have no retirement savings, a fact that Fink acknowledged in his letter. While progressive lawmakers such as Sen.
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