# @morningbrew on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/C5BUIRRsJ1q
- **Gondola URL:** https://gondola.cc/posts/17629971-morningbrew-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/legacy-do/ce05edb720afd8f294472df7207a90c24b3ba09e086302cad66cb3a1372286ac.jpg
- **Posted:** 2024-03-27T14:10:12.000+00:00
- **Account Owner:** Morning Brew ☕️ (@MorningBrew) — https://gondola.cc/MorningBrew

## Caption

Larry Fink is saying exactly what your friends have been casually tossing into the happy hour chat for years: Younger generations are never going to retire. ⁠
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In his annual investor letter, the billionaire BlackRock co-founder and CEO focused on how the government and corporations need to fix the burgeoning retirement crisis. ⁠
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Fink criticized his own generation (baby boomers) for focusing on "their own financial well-being to the detriment of who comes next." He cited the 2022 Census Bureau survey, which said about 50% of people in the US between 55-65 reported they didn't have any money saved for retirement. ⁠
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Fink's solution: Encourage private companies to match employee 401(k) contributions and make it easier for workers to roll over retirement accounts when changing jobs. Fink also questioned the current retirement age of 65, suggesting it should be higher. ⁠
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Conversations around bumping up the retirement age continue to crop up as the US approaches 2034, the year when Social Security says it will not be able to pay out full benefits unless Congress fixes the program. ⁠
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📸 : Getty⁠
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#retirement #blackrock #worklife #business #businessnews #personalfinance

## Stats

- **Views:** 0
- **Likes:** 15,650
- **Shares:** 0
- **Comments:** 709

## Credits

These are the roles credited on Gondola. Credits may be incomplete.
A brand, account owner, or featured person is not necessarily the creator.

| Name | Username | Profile | Role |
| --- | --- | --- | --- |
| Morning Brew ☕️ | @MorningBrew | https://gondola.cc/MorningBrew | Media Company |
| Liam Fennessy | @LiamFennessy_ | https://gondola.cc/LiamFennessy_ | Editor |

## Tags

retirement, personalfinance, blackrock, worklife, businessnews, business

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