Posted 3/26/2024, 4:45:00 PM
Younger Generations Lose Faith in Economy as Boomers Fail to Reform, Says BlackRock's Fink
- Younger generations don't trust older ones on the economy, says BlackRock CEO Larry Fink, and he agrees they're right not to
- Fink cites data showing Gen Z is 50% more likely than 20 years ago to question if life has purpose or to lack hope
- Fink blames baby boomers for focusing on their own finances over reforming unsustainable retirement systems
- Lack of retirement reform means younger generations will be left with the crisis when benefits can't be fully paid
- Fink argues restoring hope and confidence in the future requires boomers to cede control and listen to younger voices
