As policymakers and employers consider including annuities in retirement plans, questions remain about their implementation. A recent article explores the trade-offs of making annuities the default in retirement plans. Wharton professor Olivia S. Mitchell offers expert insights on fiduciary risks, participant preferences, and financial literacy gaps, highlighting the balance between…Read More
Many retirees risk outliving their savings, yet few employers offer tools to help manage spending in retirement. Wharton professor Olivia S. Mitchell examines why plan sponsors are slow to adopt decumulation solutions. Her insights spotlight the growing urgency for better retirement income planning amid rising financial uncertainty.…Read More
Many adults struggle to understand key financial concepts, leaving them unprepared to navigate today’s complex economy. Wharton Professor Olivia S. Mitchell, an expert on retirement and financial literacy, has new research showing that short two-minute stories can effectively boost financial knowledge—offering a low-cost, scalable solution to help close the literacy gap.…Read More
Many Americans are financially illiterate, not having been taught basic money facts when young; half of adults get simple money questions wrong. Wharton professor Olivia S. Mitchell stresses the importance of early financial education, highlighting the powerful role parents and educators play in shaping kids’ money mindsets.…Read More
As people age, their financial decision-making abilities can decline, making them more vulnerable to scams and poor financial choices. An expert in financial literacy, Wharton professor Olivia Mitchell advocates better financial literacy and policy to protect older adults from this decline. …Read More
From personal savings to public pensions, financial regret is felt by both individuals and institutions. Wharton Professor Olivia S. Mitchell emphasizes that early, disciplined planning is crucial to avoid costly mistakes — for retirees and taxpayers alike. …Read More
Low financial literacy costs Americans $390B a year and wastes valuable time, warns Wharton Professor Olivia S. Mitchell. To address this, she emphasizes early education to boost three key areas of financial literacy. …Read More
Both financial and health literacy decline with age for older adults, boosting their risk of making mistakes, reports Wharton Professor, Olivia S. Mitchell, via Knowledge at Wharton. …Read More
Retirement planning and saving differ across racial/ethnic groups due to different longevity expectations, report Abigail Hurwitz and Orly Sade of the Hebrew University of Jerusalem, and Olivia S. Mitchell at the University of Pennsylvania. Via RetireSecure blog.…Read More
Is there an upper limit on human lifespans? Some forecast extreme longevity, but others are less optimistic, explains TIAA’s Benny Goodman. Via RetireSecure blog.…Read More
