In this article, Wharton Professor and CEPAR Partner Investigator Olivia S. Mitchell discusses longevity risks in aging societies and how financial literacy shapes their well-being in later life. Deferred annuities can help protect lifetime income.…Read More
At an ERISA Advisory Council hearing for the Dept. of Labor, experts recommended including annuities in defined contribution plans to hedge against longevity risk. Olivia S. Mitchell, a Wharton School professor, supported a default annuity structure that begins payments later in life to simplify financial decisions for older participants.…Read More
Women’s median weekly earnings rose to 83.8% of men’s in 2023, up from 82.9% the year before, moving toward closing the pay gap. Dr. Olivia S. Mitchell, Wharton School professor, proposes that women build their financial literacy through education and financial advice.…Read More
Unlocking retirement potential: 401(k) plans have improved retirement prospects yet many still expose retirement savers to longevity risk. Wharton Professor Olivia S. Mitchell recommends bolstering #DC plans with deferred annuities. Via PIOnline.…Read More
Not understanding life expectancy and longevity risk lead many to undersave for retirement or forgo longevity insurance, report researchers Olivia S. Mitchell of Wharton and Abigail Hurwitz and Orly Sade of the Hebrew University of Jerusalem, via Alliance for Lifetime Income.…Read More
Recent study ‘Racial and ethnic differences in longevity perceptions and implications for financial decision-making’ by Professor Olivia S. Mitchell of Wharton and Profs. Abigail Hurwitz and Orly Sade of the Hebrew University of Jerusalem spotlighted by TIAA Institute in Q3 2022 Update.…Read More
