Wall Street wants boomers to work longer. But nobody wants to hire them.
Article Excerpt: "...Larry Fink, the 71-year-old CEO of the asset-management behemoth BlackRock, offered a two-part solution to the looming retirement crisis in his annual March letter to shareholders. In order to avoid economic catastrophe, he argued, people should save more money and work longer. "What if the government and the private sector treated 60-plus year-olds as late-career workers with much to offer rather than people who should retire?" Fink wrote. The current Social Security retirement age is 67, but most Americans depart the workforce earlier than that. If more people kept working into their late 60s and 70s, the impending crisis would soften. ..."
Resource: www.businessinsider.com