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
Environmental, social, and governance (ESG) considerations in institutional investing have evolved over the past decades. Wharton Prof. Olivia S. Mitchell and Shankar Parameshwaran look at the ESG topics raised at the recent PRC Symposium.…Read More
Societal risks such as climate change, pandemics, and financial volatility can have long-term effects and challenge retirement planning and financial resilience, writes Anna M. Rappaport at the RetireSecure blog.…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
Rewriting Chile’s constitution could mean changes to the country’s fragile pension system. This may involve raising the retirement age, perhaps to 75 or 80, for those who have not been able to save for their old age, says Wharton Prof. Olivia S. Mitchell, via The Dialogue.…Read More
Black and Hispanic women face greater economic challenges than white women in both good times and bad, according to new research by Wharton Prof. Olivia S. Mitchell, Prof. Robert Clark of North Carolina State University, and Prof. Annamaria Lusardi and Hallie Davis of George Washington University. Via Pensions & Investments.…Read More
Maintaining and using a separate emergency savings account helps make households financially stronger and better able to save more for retirement, writes David John via the RetireSecure blog.…Read More
Common wisdom once held that retired boomers could safely withdraw 4% of their savings per year, but now with rising longevity and healthcare costs, and low returns, that’s too risky, says Wharton Prof. Olivia S. Mitchell via the Christian Science Monitor.…Read More
Battles rage over sustainable investing definitions and profitability. The 2021 Wharton Pension Research Council Symposium, “Sustainable Investments in Retirement Plans: Challenges and Opportunities,” debated many of these points, via Knowledge@Wharton.…Read More
