Social Security offers more than most other countries’ retirement systems, but restoring its solvency is key to Americans’ retirement security, says Wharton Prof. Olivia S. Mitchell, via InvestmentNews.…Read More
Social Security benefit payments have exceeded revenue for more than a decade. Uncertainty over program solvency makes it difficult to plan for retirement, explains Wharton Professor Olivia S. Mitchell, via aol.com.…Read More
Defined benefit pensions often paid lifetime income streams, but many workers were not included; some companies also underfunded the plans. Defined contribution plans plus Social Security offer more Americans retirement security, explains Wharton Prof. Olivia S. Mitchell, via PlanAdvisor. …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
Lawmakers may try to avoid addressing Social Security and Medicare insolvency, undermining Americans’ retirement security, states Wharton Professor and member of the 2001 Commission to Strengthen Social Security, Olivia S. Mitchell. Via Medill on the Hill. …Read More
With Social Security insolvency looming, reforms will require spreading the burden across current & future generations, says Olivia S. Mitchell of The Wharton School. Via Penn Today. …Read More
Lifetime income & education levels should inform key financial decisions in retirement, including when to claim social security and how to invest, report Wharton researcher Olivia S. Mitchell, with Goethe University Frankfurt scholars Vanya Horneff and Raimond Maurer. Via InsuranceNewsNet. …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
60% of older survey respondents feel regret for not having saved more and claimed Social Security too young, report Profs Abigail Hurwitz of the Hebrew University of Jerusalem, and Olivia S. Mitchell of the University of Pennsylvania, via Think Advisor.…Read More
Periods of nonemployment like those caused by the pandemic can have long-term impacts on women’s financial well-being. Working longer and saving more for retirement can mitigate these effects, explains Wharton Prof. Olivia S. Mitchell via PRB.…Read More
