The top financial regrets of older Americans? Not saving enough, retiring too early, and not buying long-term care insurance. Also, many regret not purchasing annuities and claiming Social Security too early. Insights from Abigail Hurwitz and Olivia S. Mitchell emphasize the importance of proactive financial planning. Read more here. …Read More
Only 14.5% of undergraduates surveyed were proficient on a basic financial literacy test, revealing the pressing need for schools to prioritize/enhance financial education! Fortunately, Federal Reserve employees fared better, as reported here.…Read More
Reserve your seat for a Fireside Chat with Ethan Mollick: The Potential Impacts of Large Language Models for an Aging World. Presented by IPRA.…Read More
Some firms are making matching 401(k) contributions when employees repay student loans, notes Prof. Olivia S. Mitchell’s research spotlighting the boost to pre-retirement spending and debt-free retirement. Read the Marketplace discussion here. …Read More
Interested in sustainable investing? From historical roots to future trends, our new book Pension Funds and Sustainable Investment: Challenges and Opportunities, edited by Profs P. Brett Hammond, Raimond Maurer, and Olivia S. Mitchell, offers a comprehensive view of environmental, social, and governance criteria in pension fund investing. This volume delves into ethical/financial considerations as well as potential risks and rewards of ESG integration in pension funds. …Read More
The TIAA Institute & Boettner/Pension Research Council (PRC) Partnership announces a Call for Research Proposals on Retirement and Longevity, Behavioral Finance, and Insurance
Proposals due June 14, 2024, 5:00 p.m. EST…Read More
Today marks the 70th anniversary of the Pension Research Council at the Wharton School of the University of Pennsylvania, celebrating seven decades of pioneering research, innovation, and policy on retirement security.…Read More
Women’s median weekly earnings rose to 83.8% of men’s in 2023, up from 82.9% the year before, moving toward closing the pay gap. Dr. Olivia S. Mitchell, Wharton School professor, proposes that women build their financial literacy through education and financial advice.…Read More
The Pension Research Council at the Wharton School of the University of Pennsylvania is pleased to announce that T. Rowe Price has rejoined the Council as an Associate Member for 2024.…Read More
The gender wage gap, motherhood penalty, and lower credit scores can hinder retirement wealth building, shows Professor Olivia S. Mitchell in recent MarketWatch piece. Despite these obstacles, women can enhance their financial paths.…Read More
