Pension Research Council News

The next US president faces an economic crisis with no quick solutions. Wharton Prof. Olivia S. Mitchell says that his first priority should be taking the COVID-19 pandemic seriously which will boost the economy, via Newsweek. Read More

The COVID-19 economic crisis is a perfect storm for retirement savings with near-zero interest rates, early Social Security benefit claiming, some using their retirement accounts to make ends meet, and the looming insolvency of the Social Security Trust Fund: Wharton Prof. Olivia S. Mitchell discusses with Knowledge@Wharton. Read More

Peru’s Congress considers letting workers withdraw 100% of their pension savings, due to COVID-19 economic pressure. This would bankrupt the system and erode trust in government, notes Wharton Prof. Olivia S. Mitchell in the Financial Services Advisor. Read More

The Federal Reserve plans to keep interest rates at or near zero until at least 2023, and the ongoing economic fallout of COVID-19 puts retirement saving in an even more precarious position. Wharton Prof. Olivia S. Mitchell joins Dan Loney on Wharton Business Daily to discuss what might come next. Read More

People need ever more financial literacy to make smart financial decisions and plan for their futures. The recent Swedish House of Finance ‘Consumer Behavior in Financial Markets’ conference featured leading scholars of household/behavioral finance, including Wharton Prof. Olivia S. Mitchell. Video available here. Read More

Interest rates will likely remain very low for some time, so people will need to save more for retirement and probably work longer, says Wharton Prof. Olivia S. Mitchell, via the Wall Street Journal. Read More