Many Americans may not realize that “Trump Accounts” still lack key details despite promises of a financial head start for kids. Critics warn they could deepen inequality and offer limited benefits to lower-income families. Wharton economist Olivia S. Mitchell stresses that narrow investment rules and access barriers may limit their impact on long-term financial security.…Read More
Many Americans may not realize that key details around proposed “Trump Accounts” are still unsettled, especially how funds will be invested. Early signals suggest a heavy tilt toward U.S. equity index funds, but calls for broader diversification are growing. Wharton economist Olivia S. Mitchell emphasizes that understanding these limits and pushing for diversified options will be key to retirement security.…Read More
Most Americans don’t realize Social Security benefits could be cut by ~20% in as soon as 6 years if Congress doesn’t act. Wharton economist Olivia S. Mitchell emphasizes that understanding the risks, increasing savings, and making smart claiming decisions now are critical to protecting long-term retirement security.…Read More
President Trump says new child savings accounts can build generational wealth, but Wharton School economist Professor Olivia S. Mitchell emphasizes that consistent contributions and long-term investing are key to realizing meaningful rewards. Thoughtful planning across a long compounding window can assure consistent results.…Read More
Elon Musk believes that AI will make retirement saving obsolete, but Wharton professor Olivia S. Mitchell calls the advice risky and potentially financially damaging. Experts understand that optimistic scenarios may fail, so we must still plan and save for retirement!…Read More
Wharton professor Olivia S. Mitchell explains that many retirees underspend because they fear running out of money. That fear can be eased by securing guaranteed lifetime income, such as through lifetime annuities. When retirees know their basics are covered and how much they can safely spend, they feel confident enjoying life without worrying about running out of money.…Read More
Should annuities be a default option in retirement plans? Retirees remain divided, even as Wharton Professor Olivia S. Mitchell’s new research highlights annuities’ potential to provide lifetime income and retirement security. In her recent follow-up article for the WSJ, she addresses readers’ concerns about cost, flexibility, and overall appeal.…Read More
US Baby Boomers, now age 61-79, amassed unprecedented retirement wealth, yet it wasn’t entirely due to their good planning skills, reports Wharton economist Prof. Olivia S. Mitchell. Rising productivity, increasing real earnings, and significant housing appreciation boosted their outcomes, while younger generations benefited far less from these forces.…Read More
Giving Tuesday is December 2nd! It’s a global day dedicated to supporting positive impact and strengthening communities. We look forward to sharing how you can support the Pension Research Council’s mission.…Read More
Giving Tuesday is December 2nd! It’s a global day dedicated to supporting positive impact and strengthening communities. We look forward to sharing how you can support the Pension Research Council’s mission.…Read More
