risk management Archives

Understanding basics of financial literacy is a must

A stack of books, a jar labeled "Save" with coins and bills, a graduation cap, colored pencils in a holder, and a rolled diploma tied with a red ribbon, symbolizing education and financial savings.

Understanding personal finance and risk management matters for financial wellbeing, yet many lack basic financial knowledge report researchers Annamaria Lusardi of the George Washington University School of Business and Olivia Mitchell of the Wharton School, via the Star Tribune.…Read More

You Might Live Longer Than You Think. Your Finances Might Not.

Close-up of a pair of elderly hands clasped together, symbolizing age, wisdom, and experience.

People are uninformed about longevity risk, leading them to undersave and over consume, report Abigail Hurwitz of the Hebrew University of Jerusalem and Olivia S. Mitchell of the Wharton School. Via Wall Street Journal. (Subscription required). …Read More

Life expectancy in the U.S. has declined. What does that mean for your retirement?

An elderly couple stands outdoors on a sunny day, looking into the distance. They are dressed warmly and a rural landscape is visible behind them.

Falling U.S. life expectancy ignores longevity dispersion, misleading Americans as they prepare for retirement. A risk-management mindset is needed instead, advise Olivia S. Mitchell of the Wharton School and Moshe Milevsky of York University. Via MarketWatch.…Read More

Why Older Americans Regret Not Saving Early and Enough

An older couple standing on a beach, with one embracing the other. They appear relaxed and are gazing into the distance, suggesting a moment of tranquility and connection.

Lacking longevity awareness, many older Americans haven’t saved enough for retirement. Better understanding of retirement risk management could strengthen their financial resilience, according to Wharton Prof. Olivia S. Mitchell, via Knowledge at Wharton.…Read More