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Yet Another Viewpoint on Delaying Retirement
It’s been all over the media in the past few days. BlackRock CEO Larry Fink has gone on record with an opinion that the popular notion of retirement age being 65 is crazy. In fact, in a Marshall News Messenger post by reporter Patricia Battle, Fink lays the blame for younger workers having retirement anxiety on baby boomers and asserts that this population cohort needs to consider retiring “at an age over 65 due to changing demographics in the country.” Such a move, Fink believes, would aid in improving Social Security’s financial situation: “Today, if you’re married and both you and your spouse are over the age of 65, there’s a 50/50 chance at least one of you will be receiving a Social Security check until you’re 90. All this is putting the U.S. retirement system under immense strain.” Check out Ms. Battle’s post here.
Naturally, not every media source agrees with Larry Fink, as illustrated by a commondreams.org post by senior editor Jake Johnson. Quoting Alex Lawson, Social Security Works executive director, Johnson writes “”He is welcome to work as long as he wants to, but that doesn’t mean that everyone else—including people who do demanding physical labor—should work until they die.” Read Johnson’s post here.