Olivia S. Mitchell on Wharton Business Daily: Building Better Retirement Systems in the Wake of the Pandemic

With high unemployment and economic uncertainty in the wake of the pandemic, more people may need to claim Social Security benefits earlier than they’d planned, weakening an already troubled system. Wharton Prof. Olivia S. Mitchell discusses with host Dan Loney on Wharton Business Daily how savers and policymakers can build a stronger system for the future.Read More

Why the ‘Rothification’ of 401(k)s Would Hurt Retirees

401(k) Rothification (using after-tax, not pre-tax, money for retirement contributions) may seem like a boon to government in a time of soaring deficits and Social Security shortfalls, but this would lead many to save less and cut tax revenue in the long term, Wharton Prof. Olivia S. Mitchell explains to Knowledge@Wharton, discussing her recent study.Read More

How are global retirement systems faring in the wake of coronavirus?

Low interest rates and population aging will be with us a long time, so reforms are needed to stabilize and strengthen retirement systems. Options include working longer, deferred annuities, and more financial literacy, says Wharton Prof. Olivia S. Mitchell in her new study, cited by Benefits Canada.Read More