With high unemployment and economic uncertainty in the wake of the pandemic, more people may need to claim Social Security benefits earlier than they’d planned, weakening an already troubled system. Wharton Prof. Olivia S. Mitchell discusses with host Dan Loney on Wharton Business Daily how savers and policymakers can build a stronger system for the future.…Read More
401(k) Rothification (using after-tax, not pre-tax, money for retirement contributions) may seem like a boon to government in a time of soaring deficits and Social Security shortfalls, but this would lead many to save less and cut tax revenue in the long term, Wharton Prof. Olivia S. Mitchell explains to Knowledge@Wharton, discussing her recent study.…Read More
Even before the pandemic, retirement systems were in trouble; fixing them will take a multifaceted effort, including changes to accumulation and payout, a shift in policymakers’ approach, and greater financial literacy among savers, Prof. Olivia S. Mitchell explains to Knowledge@Wharton.…Read More
The COVID-19 pandemic has exposed and worsened retirement system problems. Now it’s time to reform and strengthen those systems, says Wharton Prof. Olivia S. Mitchell at the RetireSecure blog, discussing her recent paper.…Read More
Low savings, low returns, Social Security and Medicare shortfalls: Wharton Prof. Olivia S. Mitchell discusses the increasingly uncertain post-COVID retirement landscape with Erin Arvedlund of the Philadelphia Inquirer.…Read More
The 28th Colloquium on Pensions and Retirement Research to be held in Sydney, Australia, will be held on 7-8 December 2020.…Read More
Low interest rates and population aging will be with us a long time, so reforms are needed to stabilize and strengthen retirement systems. Options include working longer, deferred annuities, and more financial literacy, says Wharton Prof. Olivia S. Mitchell in her new study, cited by Benefits Canada.…Read More
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
