PSC Associate Olivia S. Mitchell discusses what longer lifespans may mean for aging workers. Between ageism in hiring, a shaky Social Security system, and changes to rules regarding annuities, the future of retirement looks uncertain on Knowledge@Wharton podcast. “Since retirement planning is so nuanced and complicated, it would behoove many to work longer, save more, and expect less,” she says.
PSC and PARC Associate Olivia S. Mitchell authored an article in The Hill about the Butch Lewis Act currently before congress.
Olivia S. Mitchell was quoted in a SavvyMoney article about social security. She says, "the Social Security "Breakeven" age 'induces people to think about the chance of dying too soon, rather than focusing them on what Social Security is best at – namely, protecting us against".
Olivia S. Mitchell has been listed as one of Worth Magazine's 16 Powerhouse Female Economists.
PSC & PARC associate Olivia S. Mitchell discusses her research on the role of annuities in retirement planning on an episode of the Knowledge@Wharton podcast.
In a Penn Today article and on Knowledge@Wharton, Olivia S. Mitchell discusses the Treasury Department’s decision to allow private companies to pay retirees lump-sum pension payments. The move may benefit companies, but Mitchell believes the federal government should assess the long-term implications. “If we look at the retirement picture, we have to understand the incentives we are putting in people’s way—or the disincentives to save,” she explains.
On Knowledge@Wharton, Olivia S. Mitchell discusses an American Economic Association survey that reveals high levels of gender and racial bias in the field of economics. “It’s very depressing, actually,” says Mitchell. “I’ve been teaching for 40 years now, and, sure, 40 years ago there were very few women in the profession. You stood out. You were sometimes made to feel uncomfortable or awkward. But I had hoped that today things would be much better.” Penn Today.
Olivia S. Mitchell was interviewed by CNBC about the susceptibility of older Americans to fraud and scammers
PSC researcher, Olivia S. Mitchell, authored an article in The Hill about retirement security and pensions.
Research by Olivia S. Mitchell and co-authors was quoted in a PBS Newshour article about investing one's winnings from the lottery
Olivia S. Mitchell, PSC researcher and Wharton professor, was cited in this Wall Street Journal on the problem of tapping into one's 401(k) savings before retirement.
New research from PSC ressearcher, Olivia S. Mitchell, a Wharton professor of business economics and public policy, attempts to answer these questions. The paper, “Evaluating Lump Sum Incentives for Delayed Social Security Claiming,” was co-authored with Raimond Maurer, a finance professor at Goethe University in Frankfurt, Germany. Mitchell, who also serves as director of Wharton’s Pension Research Council, recently appeared on the Knowledge@Wharton radio show on SiriusXM to discuss their findings.
Olivia S. Mitchell and co-authors have published a new book titled How Persistent Low Returns Will Shape Saving and Retirement. Financial market developments over the past decade have undermined what was once thought to be conventional wisdom about saving, investment, and retirement spending. Read more here.
Olivia S. Mitchell was interviewed in a Wall Street Journal about global pension funds that are being invested less in equities and bonds and more in private equity, infrastructure, and emerging markets.
PSC researcher, Olivia S. Mitchell, spoke about $4.4 trillion public sector pension shortfall on Knowledge@Wharton's podcast.
Olivia S. Mitchell was quoted in a Wall Street Journal article about the increase in bankrupcy filings among older Americans.
New The Conversion article, Quartz article, and Bloomberg Businessweek report reinforces Olivia Mitchell and co-author’s findings, that Global Financial Literacy are low, with implications for retirement security.
Olivia S. Mitchell was interviewed by the Journal of the Eonomics of Aging on "Financing Longevity".
Olivia S. Mitchell is quoted in The Inquirer about Congress' bill on retirement plans.
Olivia S. Mitchell spoke at Centre for Research on the Economics of Ageing (CREA) at Singapore Management University (SMU)'s Lee Kong Chian School of Business' roundtable on ageing and financial preparedness in Singapore.
PSC researcher Olivia Mitchell and co-authors have published their research in the America Economic Association on the issue of debt in older Americans. This article is quoted in a Wall Street Journal and InvestmentGuru.
Olivia S. Mitchell was mentioned in The Washington Times article about the U.S. Supreme Court decision on the unionization of government workers.
PSC research associate, Olivia Mitchell, wrote an article for the Wall Street Journal about financial fraud on older people.
Olivia Mitchell and co-authors' research, "Borrowing from the Future: 401(k) Plan Loans and Loan Defaults," was quoted in a Nasdaq article on 401(k) loans
Olivia Mitchell was interviewed by Marketplace about tech companies may encourage people to invest in retirement accounts.
Olivia Mitchell was interviewed on The Street podcast about retirement systems
Olivia Mitchell's article, "Simplifying Choices in Defined Contribution Retirement Plan Design," was quoted in a Forbes article about investments and saving for the future.
PSC research associate Olivia Mitchell was mentioned in an Associated Press (AP) about pension benefit plans.
Olivia S. Mitchell was interviewed by The Street about the disruption caused by technology when it comes to retirement investing.
PSC Associate Olivia S. Mitchell was quoted in a Knowledge@Wharton article about paid familyleave.
Olivia Mitchell wrote an article for the Wall Street Journal about making financial decisions and planning for the future. Her article was also cited in a Wealth Professionals article.
Americans are more likely than ever before to enter retirement carrying debt, which leaves them vulnerable to rising interest rates. Olivia Mitchell emphasizes the importance of the housing market and easier mortgage products as factors in driving this debt increase in older households. Read the column and her study here.
Olivia Mitchell of the Wharton School comments in an CNBC article on the need for improvement in women’s financial literacy. Read more here.
Olivia Mitchell of the Wharton School is cited in a Forbes article for co-authoring a study, “Putting the Pension Back in 401(k) Plans.” Read her study and article for more information.
Olivia Mitchell of the Wharton School comments in an Associated Press article on the future of Pennsylvania’s public pension plans following Gov. Tom Wolf signing a bill that will cut costs. Read more here.
Olivia Mitchell of the Wharton School is quoted in Bloomberg Business Week on why the affluent need tax breaks. Read more here.
Olivia Mitchell of the Wharton School is featured in the Philadelphia Inquirer for hosting a conference about retirement and shares her insight on the presented research. Read more here.
Olivia Mitchell of the Wharton School pens an article in The Wall Street Journal about the role of financial knowledge in molding wealth inequality. Read article here.
Olivia Mitchell of the Wharton School provides three reasons that contribute to the difficulty closing the gender pay gap in a Fortune article. Read more here.
Olivia Mitchell of the Wharton School shares her thoughts in Fox Business on retirement options. Read more here.
Olivia Mitchell is quoted in a Bloomberg article about social security, cash, and retirement.
Olivia Mitchell is cited in a MarketWatch.com article about changing the retirement age.
Olivia Mitchell is quoted in Bloomberg article about women putting off retirement.
Olivia Mitchell is cited in MarketWatch.com article about the importance of financial literacy.
Olivia Mitchell is quoted in Wall Street Journal article about delaying retirement.
Olivia Mitchell is quoted in Money.com article about saving for retirement.
Olivia Mitchell is quoted in MarketWatch.com article "Are too many choices costing 401(k) holders?"
Olivia Mitchell is quoted in Money.com article abouta simpler way to save for retirement.
In a Forbes article, Olivia Mitchell talks about deciding on a place to retire.
Olivia Mitchell talks about Chile's retirement system, and if it should be overhauled.
In the Wall Street Journal, Olivia Mitchell discusses how female baby boomers are dealing with debt.
Olivia Mitchell discusses choosing the right retirement plan on CNBC.
The World Economic Forum includes Olivia S. Mitchell on its list of the 10 top women in economics.
In the Wall Street Journal article, "Women, Especially, Are Failing Financial Literacy," Olivia Mitchell's report on the topic is cited.
Olivia S. Mitchell writes in the Wall Street Journal about why people don't purchase long-term-care insurance policies.
Olivia Mitchell discusses potential reforms to Social Security in USA Today.
In CNN Money, Olivia Mitchell reviews the two different effects on a relationship when women make more than their partners.
For a better insight into today's economy, Olivia Mitchell recommends a book in the Wall Street Journal.
In Bloomberg Business, Olivia Mitchell talks about longevity annuities.
The Wall Street Journal cited a three-question test on financial literacy collaboratively developed by Olivia Mitchell.
Olivia Mitchell and Annamaria Lusardi have developed a three-question quiz to determine your financial savvy.
Olivia S. Mitchell is quoted in a New York Times article entitled: "The Payoff in Waiting to Collect Social Security."
Olivia S. Mitchell is discusses debt in relation to retirement savings in a recent Washington Post article.
Olivia S. Mitchell appeared on the RadioTimes with Marty Moss-Coane program on WHYY discussing Financial Literacy.
Olivia S. Mitchell comments on baby boomers debt and delayed retirement in USA Today.
Olivia S. Mitchell discusses her survey reserach on the financial literacy of Americans in a New York Times article.
Olivia S. Mitchell is interviewed about her research on financial literacy in a Wall Street Journal article about paying off mortgages before retirement.
Olivia S. Mitchell makes some financial suggestions for newlyweds in the Wall Street Journal.
Olivia Mitchell comments on the practice of living abroad after retirement to make the most of your savings.
Olivia Mitchell comments in the New York Times on working abroad after retirement.
Olivia S. Mitchell's recent research on financial literacy is cited in an article in the Chicago Tribune.
Olivia S. Mitchell comments on the article "How to retire on just $25,000 in the bank" on Marketplace.
Olivia S. Mitchell talks about how the middle class can manage risk better in Business Week.
Olivia S. Mitchell discusses corporate spending on pensions on NPR.
Olivia Mitchell comments on employees older than 65.
Olivia Mitchell shares her views on the opt-out version of the traditional 401(k) retirement plan in Bloomberg BusinessWeek.
Mitchell is quoted in an article on retirement entitled "What's Driving Americans to Retire Abroad? Money -- or Lack of It" in Knowledge@Wharton.
Olivia Mitchell comments on "rethinking the definition of retirement" in "When Downsizing for Retirement Makes Dollars and Sense."
Olivia Mitchell discusses retirement saving plans with the WHYY Health & Science Desk.
Olivia Mitchell is quoted about advancing financial literacy in USA Today article, "Challenge for our (ripe old) age."
Olivia Mitchell answers questions about financial literacy in this Reuters column.
Olivia Mitchell comments on more women becoming statisticians in the article, "In a calculating, chaotic world, statisticians are almost cool."
Olivia Mitchell shares her advice on saving for retirement.
An article in the US News & World Report quotes Olivia Mitchell on how coworkers influence each other's 401(k) choices.
Olivia Mitchell says co-workers may influence pension investments.
Olivia Mitchell was interviewed by Steve Forbes about Baby Boomers outliving their pensions.
Olivia Mitchell talks about retirement for Baby Boomers in Businessweek.
Olivia Mitchell explains what she calls “the money’s worth ratio” in Yahoo Finance.
Olivia Mitchell comments on her research about assets and savings amongst retirees in MarketWatch.
Olivia Mitchell says, “Many boomers have not saved enough, particularly if they intend to retire before 70,” as quoted in the AARP Bulletin.
Olivia Mitchell comments on nontraditional money rules in Smart Money.
Olivia Mitchell comments in the U.S. News & World Report on resentment of people who have reliable pension payments.
Olivia Mitchell discusses financial literacy, particularly amongst those near retirement in the U.S. News & World Report.
Olivia Mitchell explains “pension envy” in relation to union and non-union workers in The New Yorker.
Olivia Mitchell comments on baby boomers not being prepared for retirement in the Atlanta Journal-Constitution.
Olivia S. Mitchell's research on retirement savings and the economy is discussed in a U.S. News and World Report article.
Olivia Mitchell discussed the question, "Should Social Security set a higher age qualification to receive benefits?" on Wisconsin Public Radio. Listen to the interview here.
Olivia Mitchell discusses public-sector pensions in "For CalSTRS, an Investment Bet That Failed," Los Angeles Times (3/16).
Olivia Mitchell of the Wharton School discusses state-sponsored benefits costs that States must fill: a $1 Trillion Pension Gap, in the Miami Herald. (2/18/2010).