"BlackRock CEO Larry Fink Urges Longer Working Years to Tackle Retirement Crisis"
BlackRock CEO Larry Fink suggests that Americans should work longer before retiring to address the strain on the U.S. retirement system caused by changing demographics and longer life expectancies. This comes amid a debate about the future of Social Security, with some proposing to raise the retirement age. However, experts argue that aging in the workplace and health issues often lead to earlier-than-planned retirements. Fink's comments are notable given his firm's vested interest in retirement accounts, and he also promotes a new target-date fund. He emphasizes the need for public policy changes to make retirement investing more automatic for workers and calls on his generation to help fix the nation's retirement problems.