Larry Fink Suggests Following Australia's Model to Address the Ageing Crisis
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Retiring in America has become a luxury many workers can't afford. Pensions are disappearing, Social Security benefits are in peril, and people are living longer. Less than half of all boomers have saved enough for retirement. Mounting student-loan debt adds to the crisis. Some younger people are hustling to secure an early retirement, but most can't expect to retire by 36. The system at large has major problems. Warren Buffett's favorite market gauge just hit a two-year high, which could indicate a crash is coming. Gen Z is the only generation with the skills to launch a successful new business. Early retirement isn't for everyone, and some who do leave work early end up regretting it. The American South is experiencing major economic growth, while the consulting business is struggling wi...
#newstr #Retirement #AgeingCrisis #Superannuation #LarryFink #Blackrock #Biotechnology #Millennials #GenZs