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
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
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
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
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
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
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
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 retirement…Read More
What do we expect to happen as we age, and how do our ideas about retirement planning change? New research on post-retirement risks by the Society of Actuaries identifies where the knowledge gaps are and how we can do better.…Read More
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 in…Read More
