Many Americans are financially illiterate, not having been taught basic money facts when young; half of adults get simple money questions wrong. Wharton professor Olivia S. Mitchell stresses the importance of early financial education, highlighting the powerful role parents and educators play in shaping kids’ money mindsets.…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
Racial disparities threaten many Americans’ financial security, but effective policies could mitigate these challenges and help families build a secure retirement foundation, explain Karen Dynan and Doug Elmendorf of the Harvard Kennedy School, via RetireSecure Blog.…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
What is a pension? Put simply, a pension is a vehicle to provide deferred compensation to employees (and usually their partners) in retirement. Properly managed, a pension must cover its liabilities as these become payable.…Read More
