BlackRock CEO Larry Fink put Social Security reform in the spotlight, suggesting a controversial … [+] change: let Americans invest part of their Social Security taxes into private accounts for retirement.
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Social Security Reform Should Include Private Investment Accounts, Says Fink
BlackRock CEO Larry Fink put Social Security reform in the spotlight, suggesting a potentially controversial change: let Americans invest part of their Social Security taxes into private accounts for retirement. Speaking at BlackRock’s retirement summit, Fink argued this would allow workers to earn higher returns through the market. “The problem we have now, we have a plan called Social Security that doesn’t grow with the economy,” Fink said as reported by Semafor, pointing out the current program’s meager bond-bound growth.
