Recent shocks to the U.S stock market are driving consumers to feel a negative wealth effect, leading them to cut spending. Wharton Professor Olivia S. Mitchell discusses these concerns.…Read More
Both financial and health literacy decline with age for older adults, boosting their risk of making mistakes, reports Wharton Professor, Olivia S. Mitchell, via Knowledge at Wharton. …Read More
Men and women both share retirement worries, but women’s unique life circumstances warrant greater attention in retirement planning decisions, including plan participation and investment strategies, report Bank of America’ Nevenka Vrdoljak and Susan Feng: Retire Secure Blog. …Read More
Wharton Professor and Director of the Pension Research Council, Olivia S. Mitchell, will speak Sept. 28 on “New Developments in Retirement Risk Management,” a Hilldale Lecture at University of Wisconsin Madison.…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
Long-term care in the United States has long been underfunded and had its problems ignored, which set the stage for COVID-19 infection and death in care facilities. Nora Super, Jason Davis, and Caroline Servat of the Milken Institute outline several public and private options to improve care financing, via the RetireSecure blog.…Read More
Lower returns, longevity risk make defined benefit pensions more challenging for employers to offer, but some plan sponsors are transferring these risks to (re)insurers, writes John Kiff at the RetireSecure blog.…Read More
Target date funds are game-changers for retirement plan member outcomes: Higher returns with lower risk, for minimal effort. Canadian Investment Review cites recent study by Prof. Olivia S. Mitchell of Wharton and Stephen P. Utkus of Vanguard.…Read More
Despite financial unknowns and a changing retirement landscape, there are steps you can take to improve your retirement security, explains Prof. Olivia S. Mitchell to Knowledge@Wharton: make a budget, be realistic, know your options.…Read More
40% of older Americans dealing with debt, rising housing costs, student loans, and medical expenses, explains Wharton’s Olivia S. Mitchell to Chris Taylor of Reuters. Delaying retirement can help.…Read More
