financial wellness Archives

Employee Financial Wellness Has Suffered

Stethoscope, pen, and financial report with graphs and charts, symbolizing the intersection of healthcare and financial analysis.

Employers can design benefits programs encouraging their employees to elevate their financial wellness, report Anil Suri, Nevenka Vrdoljak, and colleagues from Bank of America, via RetireSecure blog.…Read More

Dollars and sense: The case for teaching personal finance

A person is calculating finances using a calculator and documents on a table. There are credit cards, a smartphone, eyeglasses, and a notepad nearby.

Profs. Olivia S. Mitchell (Wharton) and Annamaria Lusardi (Stanford) highlight the transformative role of financial education to bridge gaps in financial literacy. …Read More

Closing the Racial Retirement Gap

A couple embracing in a garden setting, with a house in the background, surrounded by trees and plants. One person holds a set of keys.

Researchers debate retirement challenges for Black and Hispanic Americans with financial wellness, better policy, and enhancing generational wealth: 2023 Pension Research Council Symposium, via Knowledge at Wharton.…Read More

Customized Benefits, Financial Literacy Are Key to Closing the Racial Retirement Savings Gap

A person working at a table with a laptop, analyzing charts on paper, in a bright living room. A mug is visible in the foreground.

Employee financial wellness programs and IRA auto-enrollment help address racial disparities in retirement preparedness, explains Wharton Prof. Olivia S. Mitchell, via Plansponsor.…Read More

Understanding basics of financial literacy is a must

A stack of books, a jar labeled "Save" with coins and bills, a graduation cap, colored pencils in a holder, and a rolled diploma tied with a red ribbon, symbolizing education and financial savings.

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

Who Benefits Most From Annuity Purchases?

A computer keyboard with a blue key labeled "Deferred Annuity," representing a financial product or investment concept.

Including deferred income annuities in DC accounts can enhance retiree financial well-being, report researchers Vanya Horneff and Raimond Maurer of the Goethe University Frankfurt, and Olivia Mitchell of the University of Pennsylvania. Via ThinkAdvisor. …Read More

Pandemic spurs look into women’s financial well-being before the crisis

An older person and another individual wearing a face mask are leaning against a railing, looking thoughtfully into the distance, in an outdoor setting with greenery.

Black and Hispanic women face greater economic challenges than white women in both good times and bad, according to new research by Wharton Prof. Olivia S. Mitchell, Prof. Robert Clark of North Carolina State University, and Prof. Annamaria Lusardi and Hallie Davis of George Washington University. Via Pensions & Investments.…Read More

Employers’ Sense of Responsibility for Employees’ Financial Wellness Is Rising

A person wearing a face mask sits on a park bench, using a smartphone, near a body of water with green surroundings.

Financial wellness programs as an employee benefit have spread of late, but more can be done given COVID-19’s economic effects, explain Kevin Crain, Surya Kolluri, and Sheila Gorman. See our new RetireSecure blog.…Read More