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Larry Fink Urges Social Security Reforms to Boost Sustainability

3/28/2026

Summary

Story summary

Larry Fink, CEO of BlackRock, called for Social Security reforms to improve sustainability, broaden stock-market benefits, and avoid privatization.
In his annual letter, he argues Social Security prevents poverty but limits wealth-building.
He cites a bipartisan plan to create a new investment fund to supplement the trust fund, similar to the federal Thrift Savings Plan, requiring $1.5 trillion to grow over 75 years, with insolvency by 2033 and benefit cuts.

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Story summary

Larry Fink, CEO of BlackRock, called for Social Security reforms to improve sustainability, broaden stock-market benefits, and avoid privatization.
In his annual letter, he argues Social Security prevents poverty but limits wealth-building.
He cites a bipartisan plan to create a new investment fund to supplement the trust fund, similar to the federal Thrift Savings Plan, requiring $1.5 trillion to grow over 75 years, with insolvency by 2033 and benefit cuts.