Even before the pandemic, retirement systems were in trouble; fixing them will take a multifaceted effort, including changes to accumulation and payout, a shift in policymakers’ approach, and greater financial literacy among savers, Prof. Olivia S. Mitchell explains to Knowledge@Wharton.…Read More
The COVID-19 pandemic has exposed and worsened retirement system problems. Now it’s time to reform and strengthen those systems, says Wharton Prof. Olivia S. Mitchell at the RetireSecure blog, discussing her recent paper.…Read More
Low savings, low returns, Social Security and Medicare shortfalls: Wharton Prof. Olivia S. Mitchell discusses the increasingly uncertain post-COVID retirement landscape with Erin Arvedlund of the Philadelphia Inquirer.…Read More
The 28th Colloquium on Pensions and Retirement Research to be held in Sydney, Australia, will be held on 7-8 December 2020.…Read More
Low interest rates and population aging will be with us a long time, so reforms are needed to stabilize and strengthen retirement systems. Options include working longer, deferred annuities, and more financial literacy, says Wharton Prof. Olivia S. Mitchell in her new study, cited by Benefits Canada.…Read More
COVID-19 fallout may deplete Social Security reserves sooner than expected, according to new research by the Penn Wharton Budget Model. Working longer can help, even just part-time, Wharton Prof. Olivia S. Mitchell says, via CNBC Make It.…Read More
COVID-19 fallout may deplete the Social Security trust fund up to four years earlier than previously believed, say new projections from the Penn Wharton Budget Model, via the RetireSecure blog.…Read More
Recent legislation eases retirement plan loans but could endanger old-age security, says Wharton Prof. Olivia S. Mitchell, cited in the Wall Street Journal.…Read More
Multiple employer and hybrid plans, working longer, and more financial literacy among the ways to strengthen retirement systems in a post-COVID world, writes Wharton Prof. Olivia S. Mitchell in her new paper, cited in Chief Investment Officer.…Read More
Family support is an important pillar of retirement security for many Americans, and COVID-19 is prompting families to quarantine together and rethink nursing homes. Yet this poses new challenges for multigenerational households and causes stress, says Anna Rappaport in the RetireSecure blog.…Read More
