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
Older Americans’ growing debt leaves them vulnerable, especially African Americans, women, and the least educated. Greater financial literacy can help insulate against financial shocks, reports Wharton Prof. Olivia S. Mitchell via Knowledge@Wharton.…Read More
The last CalPERS CIO resigned 8 months ago and has yet to be replaced. The longer the post stays open, the harder it will be to ensure CalPERS can fulfill all its obligations, notes Wharton Prof. Olivia S. Mitchell to the Fresno Bee.…Read More
People taking early withdrawals from retirement accounts might not be able to repay in the 3-year penalty-free period; if taxes go up, they’ll owe even more money, explains Wharton Prof. Olivia S. Mitchell on ‘Kent on Money’. …Read More
Older Americans are accumulating more debt as they approach retirement than prior generations, reports Wharton Prof. Olivia S. Mitchell to Dan Loney of Wharton Business Daily. Read the paper here.…Read More
Oregon’s state-sponsored auto-enrollment retirement program for workers whose employers don’t offer pensions: the program has helped some workers save, but others opted out. Wharton Prof. Olivia S. Mitchell examines the successes and shortcomings of the program, in a paper featured in the latest NBER Digest.…Read More
Women’s financial knowledge and confidence are quite low, with Black and Hispanic women particularly poorly served by one-size-fits-all financial education programs. Better-targeted programs that take their particular needs and circumstances into account would help, explains Wharton Prof. Olivia S. Mitchell in the Wharton Social Impact Faculty Spotlight. …Read More
