Only 14.5% of undergraduates surveyed were proficient on a basic financial literacy test, revealing the pressing need for schools to prioritize/enhance financial education! Fortunately, Federal Reserve employees fared better, as reported here.…Read More
Some firms are making matching 401(k) contributions when employees repay student loans, notes Prof. Olivia S. Mitchell’s research spotlighting the boost to pre-retirement spending and debt-free retirement. Read the Marketplace discussion here. …Read More
Interested in sustainable investing? From historical roots to future trends, our new book Pension Funds and Sustainable Investment: Challenges and Opportunities, edited by Profs P. Brett Hammond, Raimond Maurer, and Olivia S. Mitchell, offers a comprehensive view of environmental, social, and governance criteria in pension fund investing. This volume delves into ethical/financial considerations as well as potential risks and rewards of ESG integration in pension funds. …Read More
Women’s median weekly earnings rose to 83.8% of men’s in 2023, up from 82.9% the year before, moving toward closing the pay gap. Dr. Olivia S. Mitchell, Wharton School professor, proposes that women build their financial literacy through education and financial advice.…Read More
Better 529 plan selection could boost earnings by 9% on assets intended for kids’ education, report Wharton School researchers James J. Li, Olivia S. Mitchell, and Christina Zhu, via Retire Secure Blog.…Read More
Lifetime income & education levels should inform key financial decisions in retirement, including when to claim social security and how to invest, report Wharton researcher Olivia S. Mitchell, with Goethe University Frankfurt scholars Vanya Horneff and Raimond Maurer. Via InsuranceNewsNet. …Read More
“One of the founders of modern academic pension research:” The work and insight of Wharton Prof and PRC Executive Director Olivia S. Mitchell, profiled in the IMF Finance & Development magazine.…Read More
Financial literacy is vital but deficient, particularly among the young. In Fall 2020, Wharton Profs. Olivia S. Mitchell and Nick Roussanov will offer launch new course on ‘Consumer Financial Decision Making,’ intended to guide Penn undergrads over their lifetimes.…Read More
