Longevity to increase substantially in coming decades! So save more and keep healthy to boost old-age security, reports Prof. David McCarthy of the University of Georgia’s Terry College of Business, via IPRA webinar.…Read More
Social Security benefit payments have exceeded revenue for more than a decade. Uncertainty over program solvency makes it difficult to plan for retirement, explains Wharton Professor Olivia S. Mitchell, via aol.com.…Read More
Longevity uncertainty, high prices, and lack of understanding decrease demand for long-term care insurance, leaving many unprepared for future long-term care costs, explains Wharton Professor Olivia S. Mitchell, via policygenius.com. …Read More
SECURE 2.0 provisions benefit both plan sponsors and plan participants, per Melissa Kahn, Head of Retirement Public Policy at State Street Global Advisors and Olivia Mitchell, Wharton Professor, via SSGA.com.…Read More
Black and Hispanic families in the U.S. disproportionately face inadequate income in retirement. The Pension Research Council’s 2023 Symposium “Diversity, Inclusion, and Inequality: Implications for Retirement Income Security and Policy” discussed factors contributing to the wealth gaps and policy reforms to help reduce it. Via Plansponsor.…Read More
Wharton Professor Olivia S. Mitchell discussed her research on “How the Pandemic altered American’s Debt Burden and Retirement Readiness” at the 8th International Pension Research Association (IPRA) Conference, June 14, 2023. This paper was co-authored with Annamaria Lusardi and Andrea Hasler of George Washington University and GFLEC.…Read More
Defined benefit pensions often paid lifetime income streams, but many workers were not included; some companies also underfunded the plans. Defined contribution plans plus Social Security offer more Americans retirement security, explains Wharton Prof. Olivia S. Mitchell, via PlanAdvisor. …Read More
The Population Aging Research Center (PARC) of the University of Pennsylvania hosted its 2nd Aging Retreat. Presentations addressed how America’s demographic changes are shaping health care, health equity, and the wellbeing of the elderly and their caregivers. Olivia S. Mitchell, Executive Director of the Pension Research Council, presented on “Financial Regret at Older Ages and Longevity Awareness.”…Read More
Global financial literacy levels remain low, and early intervention with better programs can enhance financial decision-making and wellbeing, report Annamaria Lusardi of GWU and GFLEC and Olivia S. Mitchell of the Wharton School and the Pension Research Council, via NPR. …Read More
Congratulations to Wharton Professor and Director of the Pension Research Council, Olivia S. Mitchell, named a 2023 Distinguished Fellow by the American Economic Association (AEA). The AEA Distinguished Fellow award recognizes the lifetime research contributions of distinguished economists.…Read More
