retirement security Archives

The outlook for retirement security in a new Congress

A panel of four individuals seated and engaged in discussion, with a blue backdrop displaying the word "Brookings."

Wharton Professor Olivia S. Mitchell recently spoke at a Brookings Institute event organized by the Retirement Security Project on “The outlook for retirement security in a new Congress,” with copanelists Mark Iwry and Fiona Grieg, and moderated by William Gale. The event video is here : https://shorturl.at/vw452 and Mitchell’s session begins at 58:32 with introductions.…Read More

Young Adults Perspectives on Global Issues versus Personal Finance

A small group of people having a meeting or consultation. An older person with short white hair is discussing documents with two younger individuals, seated on a sofa. A laptop and glass of water are visible.

Young adults are committed to solving global problems yet they are less optimistic and less engaged in financial matters. Financial education, retirement planning, and workplace benefits participation can help manage financial stress and improve long-term outcomes for this cohort, report Surya Kolluri and Emily Watson of the TIAA Institute and Jeanne de Cervens of the Georgetown University McDonogh School of Business. Via RetireSecure blog. …Read More

This new law made saving for retirement more complicated

Office workspace with a calculator, a small piggy bank, glasses, a pen, and papers on a clipboard and notepad, set on a wooden desk.

Losing tax deductions for retirement plan catch-up contributions will lead people to contribute less. This will reduce retirement security, says Prof. Olivia S. Mitchell of Wharton’s Pension Research Council, via The Oregonian. …Read More

Mortality Postponement and Compression at Older Ages in Human Cohorts

A couple walks side by side, each pushing a bicycle, on a sunlit park pathway. They are dressed in casual fall clothing, with a backdrop of greenery and trees.

Longevity to increase substantially in coming decades! So save more and keep healthy to boost old-age security, reports Prof. David McCarthy of the University of Georgia’s Terry College of Business, via IPRA webinar.…Read More

Study Finds Millennials Are Less Likely to be Secure in Their Retirement

A couple sitting on a bed, managing finances. One person is counting money, while the other is using a calculator and holding receipts. A laptop is nearby.

Lower employment, marriage, and home ownership among Millennials expected to cause more retirement insecurity, explain researchers Richard Johnson and Karen Smith of the Urban Institute via Plansponsor. …Read More

Retirement Security in America and COVID-19: The Outlook

An elderly person wearing a blue medical mask, standing indoors, looking out of a window. The reflection of buildings and a street can be seen on the glass.

COVID-19 changed Americans’ lives and created much uncertainty. Greater retirement system challenges will follow, explains Anna Rappaport via the RetireSecure Blog. …Read More

Olivia Mitchell: “La persistente falta de conocimiento financiero ha contribuido al escepticismo de muchos chilenos sobre el sistema de pensiones”

A person wearing a wide-brimmed hat and red sweater walks down a dusty street lined with adobe buildings, holding a walking stick. The scene has a rural, sunny setting.

Poor financial literacy is a major reason why people haven’t saved or invested more, and also why they have withdrawn so much from their pensions, Wharton Prof. Olivia S. Mitchell explains, discussing the struggles of the Chilean retirement system. Via La Tercera.…Read More