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
Financially literate older Americans are less likely to carry excessive debt, as per Wharton Prof. Olivia S. Mitchell, Prof. Annamaria Lusardi of the George Washington University, and Noemi Oggero of the University of Turin, in a report spotlighted by NBER.…Read More
Early 401(k) withdrawals can drastically reduce retirement assets; if need be, borrowing from a retirement account can be a safer option, explains Wharton Prof. Olivia S. Mitchell. Via Knowledge@Wharton.…Read More
Wharton Prof. Olivia S. Mitchell will discuss her recent book, ‘Remaking Retirement: Debt in an Aging Economy’ at the European Banking Federation’s 2021 European Money Week, Tuesday 23 March at 16:00 CET/11 AM EDT, ‘Financial Security at an Older Age: What Do We Need to Prepare For?’ Full event schedule and to register: https://www.ebf.eu/ebf-events/…Read More
Financial literacy is even more important in times of economic uncertainty. This quiz, written by Prof. Annamaria Lusardi of GWU and based on work with Profs. Olivia S. Mitchell of Wharton and Robert Clark of NC State Poole College of Management, can help you test your financial savvy. Via CNBC.…Read More
Congress removed some penalties from early withdrawals from retirement savings, but taking money out early can dramatically reduce one’s retirement assets, cautions Wharton Prof. Olivia S. Mitchell speaking with Dan Loney on Wharton Business Daily. …Read More
The COVID-19 pandemic is eroding retirement saving habits and long-term financial strategies of those already financially vulnerable, report Wharton Prof. Olivia S. Mitchell, & Profs. Abigail Hurwitz and Orly Sade of the Hebrew University of Jerusalem, in their new study via NBER.…Read More
Before it’s too late: Take stock of your financial circumstances and plan to reach your goals. Wharton Prof. Olivia S. Mitchell shares five ways to improve financial fitness, via Penn Today.…Read More
COVID-19 has worsened many retirees’ and near-retirees’ growing debt problems. Prof. Olivia S. Mitchell of Wharton and Wim Mijs, CEO of the European Banking Federation, join Prof. Annamaria Lusardi of GFLEC and GWU to discuss how persistent debt is changing the retirement landscape.…Read More
