aging Archives

The Future of Retirement

A person working on a laptop at a café table with a bright orange cup, notebooks, and a vase of orange flowers. The background has a yellow bench and a brick wall.

Workplace changes, economic shifts, technological advances, evolving family dynamics, and the aging population are among the megatrends reshaping work, retirement, and financial security, explains Anna Rappaport of the Society of Actuaries, via the RetireSecure blog. …Read More

Projecting the Future of Health Care Needs in Aging Populations

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

“Financial Less Is More:” An Experimental Study of Financial Communication

A person holding a tablet displaying "Retirement Plan" surrounded by graphs, charts, a magnifying glass, eyeglasses, and a cup of coffee, representing financial planning.

Pension participants make better decisions about their financial futures when they get digital plan statements, show researchers Abigail Hurwitz of the Hebrew University, Eval Lahav of The Open University of Israel, and Yevgeny Mugerman of Bar-Ilan University, via RetireSecure blog. …Read More

How the Older Workforce and Early Retirees Fared During the Covid-19 Pandemic Recession

A group of people wearing blue "Volunteer" shirts are working together to pack food items, such as apples and bottled water, into boxes under a canopy. This represents a community service or charity event.

The US safety net provided significant support to older Americans during the pandemic find Profs. Robert A. Moffitt of Johns Hopkins University and James P. Ziliak of the University of Kentucky via RetireSecure blog.…Read More

ARIA 2022 Kulp-Wright Book Award Winners

The image is a book cover titled "Remaking Retirement: Debt in an Aging Economy," edited by Olivia S. Mitchell and Annamaria Lusardi. It features an illustration of a classical figure in a robe, holding a stylized tablet.

Congrats to Profs. Annamaria Lusardi of George Washington University and GFLEC and Olivia S. Mitchell of Wharton of the PRC who won the ARIA 2022 Kulp-Wright Book Award for “Remaking Retirement: Debt in an Aging Economy.” The volume explores the rise in older persons’ debt and reviews policies to remedy these financial problems.…Read More

United States Senate Special Committee on Aging

An older person with a beard sitting in a wheelchair, positioned next to a wall. A worn-out van is parked in the background. The scene conveys a sense of solitude or resilience.

US Senate’s new bipartisan report on financial literacy, urging seniors and people with disabilities to plan for retirement cites research by Profs. Olivia S. Mitchell of Wharton and Annamaria Lusardi of George Washington University and GFLEC. Via Special Committee on Aging.…Read More

Younger Generations are Redefining Retirement on Their Own Terms

A busy urban scene with several people walking and standing on a tiled floor. Some are blurred from motion, conveying a sense of movement and activity.

Thanks to increased longevity and low investment returns, younger generations will need to contemplate 50-year careers instead of the traditional 25-30, says Olivia S. Mitchell of Wharton at Business Insider.…Read More

Generational Differences and Debt

A close-up black and white image of a baby''s hand gently touching an elderly person''s hand, symbolizing connection across generations.

Older Americans are carrying growing levels of debt into retirement. This topic was the main focus of the 2019 Pension Research Council symposium, and debt was also studied in a recent Society of Actuaries (SOA) study entitled “Financial Perspectives on Aging and Retirement Across the Generations.” Both efforts provide important insights into what people say about financial priorities and debt across generations, and both confirm that debt is important in retirement planning. …Read More

Moving To The Next Step: Reboot, Rewire, Or Retire?

A person with gray hair sits alone inside a café, facing large windows. Sunlight streams in, highlighting their back. Several pendant lights hang overhead.

Many Boomers currently in their 50s, 60s, and 70s confront crucial decisions about the next steps for their careers and post-career activities. Some seek new conventional job opportunities; others want a new active life that follows a different script; and yet others choose a traditional retirement path. While younger people often have well-established ideas about career planning, those of us in later life stages are often unclear about next steps.…Read More

Planning For Success At Older Ages

A couple wearing hats sits on a bench by a waterfront, with a dog lying beside them. They face a calm, expansive body of water under a cloudy sky.

Three key factors contribute to the quality of life at older ages: sound financial resources, good health, and social interactions. In-depth interviews with U.S. and Canadian older retirees as well as their adult children offer new insights into how these factors shape the lives of older people.…Read More