News and Media Archives

Wharton School’s Pension Research Council Welcomes J.P. Morgan Asset Management as Associate Level Member

A stylized illustration of a person with a crown, reaching towards a glowing star or light, on a blue and white background.

The Pension Research Council at the Wharton School of the University of Pennsylvania is pleased to announce that J.P. Morgan Asset Management has rejoined the Council as an Associate Member for 2025.…Read More

Financially Smart Adults Start With Financially Smart Kids

A teacher sits with a small group of children around a table, teaching them about money. The children are interacting with piggy banks, coins, and paper money, and there is a chart on the table.

Many Americans are financially illiterate, not having been taught basic money facts when young; half of adults get simple money questions wrong. Wharton professor Olivia S. Mitchell stresses the importance of early financial education, highlighting the powerful role parents and educators play in shaping kids’ money mindsets.…Read More

Cognitive Aging and the Decline of Financial Decision-Making

A person in a blazer is giving a presentation on financial literacy to a small group. The presentation covers fraud protection and smart investing, with a chart displayed.

As people age, their financial decision-making abilities can decline, making them more vulnerable to scams and poor financial choices. An expert in financial literacy, Wharton professor Olivia Mitchell advocates better financial literacy and policy to protect older adults from this decline. …Read More

Financial Regret Could Cost Us All

A child smiling while placing a bill into a pink piggy bank, with an elderly person sitting beside them looking contemplative. There's cash and coins on the table.

From personal savings to public pensions, financial regret is felt by both individuals and institutions. Wharton Professor Olivia S. Mitchell emphasizes that early, disciplined planning is crucial to avoid costly mistakes — for retirees and taxpayers alike. …Read More

Why Early Financial Education Matters: The $390 Billion Problem

A couple of individuals reading a finance book together at a table in a library.

Low financial literacy costs Americans $390B a year and wastes valuable time, warns Wharton Professor Olivia S. Mitchell. To address this, she emphasizes early education to boost three key areas of financial literacy. …Read More

What’s A “Negative Wealth Effect”? You May Be Feeling It.

A person looks worried while holding their face, with a large downward trending financial graph on a screen in the background.

Recent shocks to the U.S stock market are driving consumers to feel a negative wealth effect, leading them to cut spending. Wharton Professor Olivia S. Mitchell discusses these concerns.…Read More

Does Financial Literacy Decline with Age?

An elderly person with gray hair looks contemplative, surrounded by floating USD bills against a neutral background. They hold some money, suggesting thoughts about finances.

Both financial and health literacy decline with age for older adults, boosting their risk of making mistakes, reports Wharton Professor, Olivia S. Mitchell, via Knowledge at Wharton. …Read More

Wharton School’s Pension Research Council Welcomes Allianz Life Insurance Company of North America as Associate Level Member

The Pension Research Council at the Wharton School of the University of Pennsylvania is pleased to announce that Allianz Life Insurance Company of North America (Allianz Life) has joined the Council as an Associate Level Member for 2025.…Read More

All My Friends Are Freezing Their Credit Right Now. Should I?

A credit card covered in ice and icicles, suggesting it is frozen or inactive, against a light blue background.

There is growing concern about sensitive personal information getting leaked, warns Wharton Professor, Olivia S. Mitchell, via Glamour.…Read More