Remaking Retirement: Debt in an Aging Economy

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: More

Are you financially fragile, or could you soon be? Take this quiz to find out

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

These are the people who benefit most from delaying required minimum distributions

‘Do Required Minimum Distribution 401(k) Rules Matter, and For Whom? Insights from a Lifecycle Model:’  Wharton Prof. Olivia S. Mitchell notes that raising the RMD age would have little effect on most people, but would help wealthier retirees leave a legacy, via MarketWatch. Full paper here.Read More

Social Security and Medicare may experience their own COVID-19 side effects, experts say

COVID is eroding the Social Security and Medicare trust funds, already facing looming insolvency. Not much time left to fix the system, cautions Wharton Prof. Olivia S. Mitchell. Via the Philadelphia Inquirer. See also Andrew Biggs’s examination of the social security benefits loophole, “How the Coronavirus Could Permanently Cut Near-Retirees’ Social Security Benefits.”Read More