Larry Fink, CEO of investment management company BlackRock, said in a letter to the annual shareholder meeting that as human life expectancy increases and the population ages, the US retirement system is in crisis, and proposed solutions will take longer to work. Is. Years, delayed retirement.
According to CBS News, Fink said in response to the retirement crisis caused by aging populations in various countries: “No one should work longer than originally planned, but I really believe that age 65 Retirement is considered legitimate in the U.S. It’s a little crazy that the era actually originated in the Ottoman Empire.
Congressional Republicans also advocate increasing itpensionAs far as attained age is concerned, it is recommended that as life expectancy increases, working years should also be increased.
However, according to a 2022 survey by the Association for Research on Aging (AARP), the majority of workers over 50 face age discrimination in the workplace; Poor health or sudden unemployment also forces middle-aged and elderly people to retire early. The average retirement age in the United States is 62, which is lower than the “traditional” retirement age of 65.
Teresa Ghilarducci, a professor and retirement expert at The New School for Social Research (New School) in New York, said in an interview with CBS that even if employees extend their working lives, they may not achieve the desired results. He said: “After 40 years of experiments with voluntary or self-service pension systems, half of workers still lack simple retirement savings methods.” He also asked: “Why isn’t 65 the best age to retire for most workers in rich countries?” Emphasis: “We will not get out of this crisis by lengthening working lives. In any case, most people will not be able to retire when they want.”
It is worth noting that Fink, as the head of the world’s largest asset management company, manages more than 10 trillion yuan of assets, including many retirement accounts. As retirement assets grow, BlackRock has also become a vested interest.
Lawrence Kotlikoff, an economics professor at Boston University, believes there are ulterior motives behind Fink’s suggestion: “He focused on BlackRock. Many Wall Street reformers hope to somehow privatize the asset, and then Make a profit.”
Fink’s letter endedAustraliaEmployers are required to have a retirement system in placeLabour DepartmentTaking the practice of depositing each salary into a superannuation fund as an example, he praised Australia for having the world’s 54th largest population but the fourth largest superannuation system; He said: “As a country, we must do our best to accelerate the automation of workers’ retirement investments.”
Focus(TagstoTranslate)Superannuation(T)Department of Labor(T)Australia