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2 hours ago

Larry Fink calls for Social Security reform, says investing a portion of funds could strengthen the program

BlackRock CEO Larry Fink discussed possible Social Security reforms that would allow more Americans to benefit from the growth in the stock market while also ensuring the program is strengthened so it can survive to serve future generations.Fink's recently released annual chairman's letter touched on how Social Security is "one of the most effective poverty-prevention programs in history" and that while it provides stability, it "doesn't allow most Americans to build wealth in a way that grows their country.""Today, the system operates largely on a pay-as-you-go basis. Payroll taxes are used t...

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2 hours ago
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