New research finds a hidden price of trust in financial decision-making. Investors allocate much more to trust funds associated with highly trusted organizations, even when less-trusted institutions offer identical funds, potentially leading investors to sacrifice substantial long-term wealth. Read more about the price of trust in financial behavior here.…Read More
New research from the TIAA Institute examines retirement systems across 11 countries and finds that retirees are more likely to choose lifetime income when it is integrated directly into the retirement system. Their findings offer important lessons for policymakers, plan sponsors, and financial advisors seeking to strengthen retirement security in the United States.…Read More
New research by economists Carlo Pizzinelli and Maria M. Tavares finds that older workers are often better positioned than younger workers to benefit from artificial intelligence, particularly in occupations where experience, judgment, and interpersonal skills remain essential. Their findings may help an aging workforce navigate technological change.…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
Recent shocks to the U.S stock market are driving consumers to feel a negative wealth effect, leading them to cut spending. Wharton Professor Olivia S. Mitchell discusses these concerns.…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
