MassMutual CEO on entitlement spending
CEO Roger Crandall thinks that means-testing and older retirement ages are inevitable, but that its unlikely entitlements for the less affluent will be touched.
Federal entitlement programs are going to have to be cut somehow. Do you have a view about how that's likely to happen, meaning benefits at later ages, means testing, or what? I think personally means testing is somewhat inevitable. I think it's somewhat inevitable that retirement ages get pushed o...