Are Default Annuities the Key to Better Retirement Outcomes?

As policymakers and employers consider including annuities in retirement plans, questions remain about their implementation. A recent article explores the trade-offs of making annuities the default in retirement plans. Wharton professor Olivia S. Mitchell offers expert insights on fiduciary risks, participant preferences, and financial literacy gaps, highlighting the balance between financial security and retiree autonomy. ...Read More
The Decumulation Dilemma: Outliving Savings and Employer Response

Many retirees risk outliving their savings, yet few employers offer tools to help manage spending in retirement. Wharton professor Olivia S. Mitchell examines why plan sponsors are slow to adopt decumulation solutions. Her insights spotlight the growing urgency for better retirement income planning amid rising financial uncertainty. Read More
The 2-Minute Method to Financial Literacy

Many adults struggle to understand key financial concepts, leaving them unprepared to navigate today’s complex economy. Wharton Professor Olivia S. Mitchell, an expert on retirement and financial literacy, has new research showing that short two-minute stories can effectively boost financial knowledge—offering a low-cost, scalable solution to help close the literacy gap. Read More
Wharton School’s Pension Research Council Welcomes J.P. Morgan Asset Management as Associate Level Member

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

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

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
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