President Bush tried to fix it, but the Democrats would not let him.
By crippling the economy for older, experienced workers (especially white Americans), they forced many during COVID to retire earlier than planned because they had little other choice.
Larry Fink is living proof that Soros dying won’t help a thing.
It’s always been a scam
Take your money for 65 years and then tell you to go away.
Because thos 401(k) assets will be held by Larry/BlackRock.
We are giving illegal aliens not less than $65,000 cash and countless dollars well past that while giving social security recipients an average of $20,000.
Social security is not in jeopardy.
I think it is 62.5 yr. old.
but of course our nation has all kinds of ‘free money and services’ to pay $390,000 to every illegal in NY per year!
How abt we stop giving SS to those here illegally who never paid into it.
For rotten pencil pushing autocrats like Fink, 65 or 75 or 85 is too young. For a physical job, reaching 65 is a feat
Some people act like Social Security becomes some sort of ‘special’ crisis because it will not pay for itself by year 20xx (pick a year).
Flash news. Government spending is unsustainable. Coming soon - $1T annually just to pay the interest on the debt. At least Social Security brings in some money via workers and companies.
They will just continue to finance more debt to pay for SS and everything else. No one can do much about this runaway spending.
My two or three li’l Gen-Z buggers better be working their butts off! I already paid my ante, and I’m still paying it.
As a result, 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.
Whip the horses eyes Mr Fink.
.
65 is crazy. No way did I want to work until 65. I retired at 60, which was almost 10 years ago, and have never regretted it.
If they would have left just 1/4 of SS as a designated interest bearing fund instead of funding it all from the yearly general budget fund. But DC has been and still is run mostly by incompetent hacks.
he is well-named ... for several reasons ...
People born in 1980 retire at 69
People born in 1990 retire at 72
People born in 2000 retire at 75
People born in 2010 retire at 78
People born in 2020 retire at 80
Does that help? I do not think people born from 1979 to 1900 should have a change since it already went up to 67.
Theft
If people thought about the money they would have if they invested the money they paid into SS for 35 years into a Mutual Fund there would be a revolution.
The King is a Fink