Financial illiteracy and debt are key factors constraining retirement readiness, report researchers Andrea Hasler and Annamaria Lusardi of George Washington University, and Olivia S. Mitchell of the Wharton School, via Think Advisor.…Read More
Saving rates are at historic lows and may drop further. With inadequate reserves and a looming recession, households face the risk of depleting their saving to cover debts and emergency expenses, warns Wharton Professor Olivia S. Mitchell, via The Miami Times. …Read More
Despite low saving rates, Americans should consider tapping reserves over taking on debt to cover future expenses, says Olivia S. Mitchell of the Wharton School. Via liherald.com.…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
The median debt-to-income ratio has risen dramatically in recent years for adults close to retirement age, and more women close to retirement plan to keep working longer, according to research by Annamaria Lusardi of the George Washington University, Wharton Prof. Olivia S. Mitchell, and Noemi Oggero of the University of Turin, cited in PRB. See Lusardi, Mitchell, and Oggero, “Debt and Financial Vulnerability on the Verge of Retirement” via NBER.…Read More
Older people are carrying rising debt, leaving them financially vulnerable. Wharton Prof. Olivia S. Mitchell discusses her recent Pension Research Council book “Remaking Retirement: Debt in an Aging Economy” at European Money Week.…Read More
Factors like unemployment and underage kids affect Black and Hispanic women’s financial well-being differently from White women, so targeted financial education should take this into account: Wharton’s Prof. Olivia S. Mitchell via Penn Today.…Read More
Older Americans’ growing debt leaves them vulnerable, especially African Americans, women, and the least educated. Greater financial literacy can help insulate against financial shocks, reports Wharton Prof. Olivia S. Mitchell via Knowledge@Wharton.…Read More
Older Americans are accumulating more debt as they approach retirement than prior generations, reports Wharton Prof. Olivia S. Mitchell to Dan Loney of Wharton Business Daily. Read the paper here.…Read More
Workplace-sponsored financial education programs, as well as programs targeted to the specific circumstances of Black and Hispanic women, would boost financial literacy far more than a one-size-fits-all approach, explains Wharton Prof. Olivia S. Mitchell to Julie Stich of IFEBP. Paper here: Financial Well-being among Black and Hispanic Women…Read More
