Attitudes toward the future shape household wealth accumulation, as well as kids’ saving and non-financial choices, report researchers John Knowles of Simon Fraser University and Andrew Postlewaite of the University of Pennsylvania, via the RetireSecure Blog.…Read More
Saving rates are at historic lows and may drop further. With inadequate reserves and a looming recession, households face the risk of depleting their saving to cover debts and emergency expenses, warns Wharton Professor Olivia S. Mitchell, via The Miami Times. …Read More
Younger generations will need to work longer, save more, and expect less from the government in retirement, warns Wharton Professor Olivia S. Mitchell, via CBS News.…Read More
Despite low saving rates, Americans should consider tapping reserves over taking on debt to cover future expenses, says Olivia S. Mitchell of the Wharton School. Via liherald.com.…Read More
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
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
Older Americans wish they had prepared for retirement, by saving more, working longer, preparing for healthcare costs, and delaying social security withdrawals, report researchers Abigail Hurwitz of Hebrew University of Jerusalem and Olivia S. Mitchell of the Wharton School via FinancialPlanning. …Read More
Not understanding life expectancy and longevity risk lead many to undersave for retirement or forgo longevity insurance, report researchers Olivia S. Mitchell of Wharton and Abigail Hurwitz and Orly Sade of the Hebrew University of Jerusalem, via Alliance for Lifetime Income.…Read More
Despite job losses, COVID’s effect on retirement savings was inconsequential – unlike the Great Recession – explains John Sabelhaus from the Brookings Institute via FinancialPlanning.…Read More
Requiring high school financial education affects near-term behaviors for young adults entering financial independence yet has little effect on long-term savings and investing, explain Profs. Carly Urban of Montana State University and Melody Harvey of University of Wisconsin-Madison, via RetireSecure Blog.…Read More
