Generational Differences and Debt

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?

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

Here’s How to Get More People to Delay Claiming Social Security

By: Olivia S. Mitchell Olivia S. Mitchell (@OS_Mitchell) is a professor of business economics/policy and insurance/risk management at the Wharton School of the University of Pennsylvania, where she focuses on pensions, household finance, retirement, and risk management.  Global aging paired with pension shortfalls have led many governments to raise retirementRead More

Statement of Prof. Olivia S. Mitchell for the U.S. Senate Special Committee on Aging, Sept. 25, 2013

On September 25, 2013, Olivia S. Mitchell of the Wharton School of the University of Pennsylvania spoke before the Senate Special Committee on Aging, addressing the topic, “The Changing Face of Retirement Security in America”. “Americans today are much more likely today to arrive at retirement with debt than inRead More