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working paper

The Growing Debt Burden Facing Retirees

A couple at a table reviewing financial documents with a laptop and calculator, indicating they are focused on planning or budgeting.

Older Americans are carrying more debt into retirement, raising concerns about long-term retirement security as living costs continue to climb. Wharton’s Olivia S. Mitchell explains that longer life expectancies and persistent inflation are making it harder for many retirees to maintain their financial footing. Read her insights here.…Read More

June 17, 2026   |   News and Media annuities, financial education, financial literacy, working paper

A New Frame For Annuities

An open mailbox with an envelope labeled "Annuity Check" inside. A postal worker is seen driving away in the background.

What if annuities were marketed less as investments, and more as insurance against outliving your savings? New research from a team including Wharton’s Olivia S. Mitchell argues that consumption-focused framing could change how people approach retirement income planning. Read more about the working paper and its implications here.…Read More

June 16, 2026   |   News and Media annuities, financial education, financial literacy, working paper
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