Wall Street Eyes Social Security—BlackRock CEO Pushes Reform

BlackRock CEO Suggests Changes to Social Security

BlackRock CEO Larry Fink has advocated major reforms to the U.S. Social Security system, proposing the integration of private investment accounts to enhance retirement savings. Speaking with Semafor at the BlackRock retirement summit last week, Fink suggested that allowing Americans to allocate a portion of their Social Security taxes into private accounts could yield higher returns by linking their savings to financial market gains. “We have a …

Proposed changes to Social Security claims process revealed in leaked memo

A leaked internal memo from the SSA outlines proposed changes that could impact Social Security claimants.

Wall Street Eyes Social Security—BlackRock CEO Pushes Reform

BlackRock CEO Larry Fink put Social Security reform in the spotlight, suggesting to let Americans invest Social Security taxes into private accounts for retirement.

The Social Security Fund reform project was presented on 6 November 2024.

BlackRock, Vanguard and State Street asked a Texas court on March 17 to dismiss a complaint filed against them at the end of November by this state, as well as ten other American states, which accuse the three asset managers of an agreement to reduce coal production, reports Reuters. The management companies described these allegations as banal legal theories, asking the judge to reject this "adventureful attempt to rewrite the antitrust law," s…

21:24 US stock markets were up for the second day in a row, thanks to Joe Sixpack's buying frenzy. PepsiCo drew attention with a takeover, Tesla did not participate in the cautious...