The COVID-19 pandemic will likely have longer-term economic effects, as people fearing financial fragility are less likely to save more for retirement or to annuitize their retirement savings: new research from Abigail Hurwitz, Olivia S. Mitchell, and Orly Sade.…Read More
Retirees and near-retirees should find out if they live in an area at increased risk of natural disasters due to climate change, and what steps they can take to protect their home, Wharton Prof. Olivia S. Mitchell says, via CBS MoneyWatch.…Read More
Public pensions struggle to increase their yields in a low return world. Also, pension trustees are often political appointees lacking financial backgrounds, so they may not fully consider the risks of potential new investment options, says Wharton Prof. Olivia S. Mitchell, in the WSJ.…Read More
“Do Required Minimum Distribution 401(k) Rules Matter, and For Whom? Insights from a Lifecycle Model” by Wharton Prof. Olivia S. Mitchell, and Vanya Horneff and Raimond Maurer of Goethe University Frankfurt is featured NBER working paper.…Read More
The retirement landscape is shifting in the wake of the COVID pandemic. Wharton Prof. Olivia S. Mitchell presents “Retirement Advice Post-COVID” for the Investments and Wealth Institute’s ACE Academy, April 26, 2021…Read More
The median debt-to-income ratio has risen dramatically in recent years for adults close to retirement age, and more women close to retirement plan to keep working longer, according to research by Annamaria Lusardi of the George Washington University, Wharton Prof. Olivia S. Mitchell, and Noemi Oggero of the University of Turin, cited in PRB. See Lusardi, Mitchell, and Oggero, “Debt and Financial Vulnerability on the Verge of Retirement” via NBER.…Read More
US population growth is slowing, and our working-age population is shrinking. To make up the shortfall, the US must allow more trained immigrant workers, raise the retirement age, and build technology to help older workers, recommends Wharton Prof. Olivia S. Mitchell, via Marketplace. …Read More
Many retirement systems were struggling even before the pandemic, but aging populations and COVID’s impact require reforms even more urgently, notes Wharton Prof. Olivia S. Mitchell; see the AP7 2020 Annual Report here.…Read More
Older people are carrying rising debt, leaving them financially vulnerable. Wharton Prof. Olivia S. Mitchell discusses her recent Pension Research Council book “Remaking Retirement: Debt in an Aging Economy” at European Money Week.…Read More
Factors like unemployment and underage kids affect Black and Hispanic women’s financial well-being differently from White women, so targeted financial education should take this into account: Wharton’s Prof. Olivia S. Mitchell via Penn Today.…Read More
