When a billionaire corporate executive and Senator Bernie Sanders agree on something, it’s worth paying attention. If they had a cozy lunch, there would be more dessert forks than pitched forks. In public, both Sanders and BlackRock
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Bernie warned us about America’s coming retirement crisis for years, as have I, recently as Sanders’ lead witness in Senate hearings on the retirement crisis. But Fink’s 11,000-word 2024 annual letter to shareholders was a surprise that signifies a growing consensus about the crisis facing tens of millions of older Americans, and generations to come.
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