COVID-19 fallout may deplete Social Security reserves sooner than expected, according to new research by the Penn Wharton Budget Model. Working longer can help, even just part-time, Wharton Prof. Olivia S. Mitchell says, via CNBC Make It.…Read More
COVID-19 fallout may deplete the Social Security trust fund up to four years earlier than previously believed, say new projections from the Penn Wharton Budget Model, via the RetireSecure blog.…Read More
Recent legislation eases retirement plan loans but could endanger old-age security, says Wharton Prof. Olivia S. Mitchell, cited in the Wall Street Journal.…Read More
Multiple employer and hybrid plans, working longer, and more financial literacy among the ways to strengthen retirement systems in a post-COVID world, writes Wharton Prof. Olivia S. Mitchell in her new paper, cited in Chief Investment Officer.…Read More
Family support is an important pillar of retirement security for many Americans, and COVID-19 is prompting families to quarantine together and rethink nursing homes. Yet this poses new challenges for multigenerational households and causes stress, says Anna Rappaport in the RetireSecure blog.…Read More
The ongoing COVID-19 crisis exacerbated existing retirement system problems. Part of the solution: working longer, new pension models, and decoupling retirement saving from firms, Wharton Prof. Olivia S. Mitchell explains to Diario Financiero, discussing her recent study.…Read More
Money-back guarantees on retirement accounts may reduce risk of losing money but at much higher cost, report Vanya Horneff, Daniel Liebler, Raimond Maurer, and Olivia S. Mitchell in their study cited by ThinkAdvisor.…Read More
Retirement systems were fragile even before the COVID-19 pandemic, but exploding unemployment, pension underfunding, and very low returns make the problems more urgent. New PRC working paper “Building Better Retirement Systems in the Wake of the Global Pandemic” by Wharton Prof. Olivia S. Mitchell discusses possible solutions, via PlanSponsor.…Read More
Pension plans at greater risk in the wake of COVID-19, but there are opportunities to build better systems if policymakers provide better data, enhance financial literacy, says Wharton Prof. Olivia S. Mitchell in her new working paper, cited in ThinkAdvisor.…Read More
Some Chilean lawmakers seek to nationalize the country’s pension system, which would set back economic development and erode Chileans’ trust in their economy. Wharton Prof. Olivia S. Mitchell, member of the 2014-15 Bravo Commission for Chilean Pension Reform, expresses concern to Gene Kuleta at The Dialogue.…Read More
