Quote by: Laurence D. Fink

Social Security is an insurance policy. It's a terrible investment vehicle. Social Security has some great benefits. But it was never meant to be a savings plan. So we need to have a national debate. Should this 12.5 percent that we're contributing all go into a Social Security pool, or should half go into a mandatory savings plan?


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Author Bio


  • NameLaurence D. Fink
  • DescriptionAmerican financial executive
  • AliasesLaurence Douglas Fink; Laurence Fink
  • Born1952
  • CountryUnited States Of America
  • ProfessionPolitician; Manager; Economist; Chief Executive Officer; Financier