Rewriting Chile’s constitution could mean changes to the country’s fragile pension system. This may involve raising the retirement age, perhaps to 75 or 80, for those who have not been able to save for their old age, says Wharton Prof. Olivia S. Mitchell, via The Dialogue.…Read More
Black and Hispanic women face greater economic challenges than white women in both good times and bad, according to new research by Wharton Prof. Olivia S. Mitchell, Prof. Robert Clark of North Carolina State University, and Prof. Annamaria Lusardi and Hallie Davis of George Washington University. Via Pensions & Investments.…Read More
Common wisdom once held that retired boomers could safely withdraw 4% of their savings per year, but now with rising longevity and healthcare costs, and low returns, that’s too risky, says Wharton Prof. Olivia S. Mitchell via the Christian Science Monitor.…Read More
Battles rage over sustainable investing definitions and profitability. The 2021 Wharton Pension Research Council Symposium, “Sustainable Investments in Retirement Plans: Challenges and Opportunities,” debated many of these points, via Knowledge@Wharton.…Read More
“Do Required Minimum Distribution 401(k) Rules Matter, and For Whom? Insights from a Lifecycle Model” by Wharton Prof. Olivia S. Mitchell, and Vanya Horneff and Raimond Maurer of Goethe University Frankfurt is featured NBER working paper.…Read More
The retirement landscape is shifting in the wake of the COVID pandemic. Wharton Prof. Olivia S. Mitchell presents “Retirement Advice Post-COVID” for the Investments and Wealth Institute’s ACE Academy, April 26, 2021…Read More
The median debt-to-income ratio has risen dramatically in recent years for adults close to retirement age, and more women close to retirement plan to keep working longer, according to research by Annamaria Lusardi of the George Washington University, Wharton Prof. Olivia S. Mitchell, and Noemi Oggero of the University of Turin, cited in PRB. See Lusardi, Mitchell, and Oggero, “Debt and Financial Vulnerability on the Verge of Retirement” via NBER.…Read More
US population growth is slowing, and our working-age population is shrinking. To make up the shortfall, the US must allow more trained immigrant workers, raise the retirement age, and build technology to help older workers, recommends Wharton Prof. Olivia S. Mitchell, via Marketplace. …Read More
Many retirement systems were struggling even before the pandemic, but aging populations and COVID’s impact require reforms even more urgently, notes Wharton Prof. Olivia S. Mitchell; see the AP7 2020 Annual Report here.…Read More
Older people are carrying rising debt, leaving them financially vulnerable. Wharton Prof. Olivia S. Mitchell discusses her recent Pension Research Council book “Remaking Retirement: Debt in an Aging Economy” at European Money Week.…Read More
