Wharton Professor Olivia S. Mitchell reminds us that financial literacy isn’t just for the young – without it, we also face retirement risk. Learn about financial literacy for aging retirees here.…Read More
In a recent research study, Prof. Olivia S. Mitchell, John Turner, and Catherine Reilly weigh the pros and cons of remaining in an employer-sponsored 401(k) plan after retirement. The debate continued in Reilly’s November 2023 blog post, picked up in the Star Tribune.…Read More
Researchers Annamaria Lusardi of Stanford’s SIEPR and Olivia S. Mitchell of Wharton’s Pension Research Council founded the new field of financial literacy, key for personal finance teaching and retirement policy; see their blog VoxEU.…Read More
Global financial literacy levels remain low, and early intervention with better programs can enhance financial decision-making and wellbeing, report Annamaria Lusardi of GWU and GFLEC and Olivia S. Mitchell of the Wharton School and the Pension Research Council, via NPR. …Read More
Understanding personal finance and risk management matters for financial wellbeing, yet many lack basic financial knowledge report researchers Annamaria Lusardi of the George Washington University School of Business and Olivia Mitchell of the Wharton School, via the Star Tribune.…Read More
Financial illiteracy and debt are key factors constraining retirement readiness, report researchers Andrea Hasler and Annamaria Lusardi of George Washington University, and Olivia S. Mitchell of the Wharton School, via Think Advisor.…Read More
With Social Security insolvency looming, reforms will require spreading the burden across current & future generations, says Olivia S. Mitchell of The Wharton School. Via Penn Today. …Read More
Retirement plan type, income level, and age all impact pension withdrawal choices for participants who terminate employment with company pensions, explain Profs. Olivia S. Mitchell of The Wharton School and Robert L. Clark of NC State Poole College of Management via ThinkAdvisor. Also participants with higher Financial Literacy levels are more likely to choose annuitized benefits. Download @PensionResearch working paper here.…Read More
Should personal finance be mandated in high school? More ways to make financial mistakes point to YES! says Wharton Prof. Olivia Mitchell, via Acorn.…Read More
Auto-enrollment in state retirement plan helps initiate savings but many opt out explain Profs. John Chalmers (University of Oregon), Olivia S. Mitchell (University of Pennsylvania), Jonathan Reuter (Boston College) and Mingli Zhong (Urban Institute). Via AroundtheO…Read More
