Wharton economist Olivia S Mitchell stresses that narrow investment rules and access barriers may limit their impact on long-term #FinancialSecurity.

The Barriers to "Trump Accounts" Benefits Many Americans may not realize that "Trump Accounts" still lack key details despite promises of a financial head start for kids. Critics warn they could deepen inequality and offer limited benefits to...

Many Americans may not realize that #TrumpAccounts still lack key details despite promises of a financial head start for kids. Critics warn they could #DeepenInequality and offer limited benefits to lower-income families.
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- can increase demand for costly guarantees and reduce lifetime income. Their findings underscore the importance of clearer communication and better product design to help individuals and advisers make more informed retirement decisions.

When Loss Aversion Jeopardizes Lifelong Income What drives individuals to avoid annuities, even when they offer protection against outliving their savings? Hallstein, Liebler, and Maurer highlight the role of loss aversion, showing how fear of “lo...

What drives individuals to avoid annuities, even when they offer protection against outliving their savings? Hallstein, Liebler, and Maurer highlight the role of loss aversion, showing how fear of “losing” an investment -
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Wharton economist Olivia S. Mitchell emphasizes that understanding these limits and pushing for diversified options will be key to retirement security.

Many Americans may not realize that details around proposed “Trump Accounts” are still unsettled, especially how funds will be invested. Early signals suggest a heavy tilt toward U.S. equity index funds, but calls for broader diversification are growing.
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Wharton economist Olivia S. Mitchell emphasizes that understanding the risks, increasing savings, and making smart claiming decisions now are critical to protecting long-term retirement security.

A 20% Cut Is Closer Than You Think Most Americans don’t realize Social Security benefits could be cut by ~20% in as soon as 6 years if Congress doesn’t act. Wharton economist Olivia S. Mitchell emphasizes that understanding the risks, ...

Most Americans don’t realize Social Security benefits could be cut by ~20% in as soon as 6 years if Congress doesn’t act.
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Her insights suggest what thoughtful preparation and practical actions individuals and advisers can take to help solo-agers age with confidence and stability.

Aging Without Family Support: Housing and Financial Choices for Solo-Agers What steps can solo-agers take to protect their independence as housing and financial needs evolve? Anna Rappaport highlights the critical role of proactive housing decisions, financial planning, and ...

What steps can solo-agers take to protect their independence as housing and financial needs evolve? Anna Rappaport highlights the critical role of proactive housing decisions, financial planning, and support network development in later life.
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Rewards From A Compounding Window President Trump says new child savings accounts can build generational wealth, but Wharton School economist Professor Olivia S. Mitchell emphasizes that consistent contributions and long-term investin...

President Trump says new child savings accounts can build #generationalwealth, but @Wharton economist @OS_Mitchell emphasizes that consistent contributions and #longterminvesting are key to realizing meaningful rewards.
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Why Optimism Isn’t a Retirement Strategy Elon Musk believes that AI will make retirement saving obsolete, but Wharton professor Olivia S. Mitchell calls the advice risky and potentially financially damaging. Experts understand that optimisti...

Elon Musk believes that AI will make retirement saving obsolete, but The Wharton School professor Olivia S Mitchell calls the advice risky and potentially financially damaging. Experts understand that optimistic scenarios may fail, so we must still plan and save for retirement!
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Their findings suggest that financial advisers and educators can improve outcomes by implementing several practical points.

Pathways to Financial Well-being: Patience, Confidence, Financial Literacy, and Health What drives financial well-being across different measures and life outcomes? Through their research, Professors Coats and Bajtelsmit find that income, financial confidence, financial literacy, and pa...

What drives financial well-being across different measures and life outcomes? Professors Coats and Bajtelsmit find that income, financial confidence, financial literacy, and patience play a central role in shaping how people save, plan, and build wealth.
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When retirees know their basics are covered and how much they can safely spend, they feel confident enjoying life without worrying about running out of money.

Income Floors For Retirement Longevity Wharton professor Olivia S. Mitchell explains that many retirees underspend because they fear running out of money. That fear can be eased by securing guaranteed lifetime income, such as through lifet...

The Wharton School professor Olivia S Mitchell explains that many retirees underspend because they fear running out of money. That fear can be eased by securing guaranteed lifetime income, such as through lifetime annuities.
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The Wharton School’s Pension Research Council Welcomes T. Rowe Price as Associate Member The Pension Research Council at the Wharton School of the University of Pennsylvania is pleased to announce that T. Rowe Price has rejoined the Council as an Associate Member for 2026. T. Rowe Price f...

The Pension Research Council at the Wharton School of the University of Pennsylvania is pleased to announce that T. Rowe Price has rejoined the Council as an Associate Member for 2026. T. Rowe Price first joined the PRC in 2007. bit.ly/3YRhumh

In a recent follow-up article for WSJ, she addresses readers’ concerns about cost, flexibility, and overall appeal.

The Annuities Appeal Should annuities be a default option in retirement plans? Retirees remain divided, even as Wharton Professor Olivia S. Mitchell’s new research highlights annuities’ potential to provide lifetime incom...

Should annuities be a default option in retirement plans? #Retirees remain divided, even as Wharton Prof. Olivia S. Mitchell's new research highlights #annuities potential to provide #lifetimeincome and retirement security. bit.ly/49nHyLT

The Pension Research Council at the Wharton School of the University of Pennsylvania is pleased to announce that Great Gray Trust has rejoined the Council as an Associate Level Member for 2026. bit.ly/4ssq1cR

it’s the advisor-client relationship that drives trust, meaningful behavior change, and personalized guidance. Thriving in the new technological landscape means pairing technical agility with emotional intelligence to engage a new generation of investors.

The future of financial advice will be defined by how we fuse digital innovation with human insight. TIAA research shows that while AI tools and online platforms can increase efficiency and expand access,
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Rising productivity, increasing real earnings, and significant housing appreciation boosted their outcomes, while younger generations benefited far less from these forces.

The Determinants Behind Boomer Prosperity US Baby Boomers, now age 61-79, amassed unprecedented retirement wealth, yet it wasn’t entirely due to their good planning skills, reports Wharton economist Prof. Olivia S. Mitchell. Rising productivi...

US Baby Boomers, now age 61-79, amassed unprecedented retirement wealth, yet it wasn’t entirely due to their good planning skills, reports Wharton economist Prof. Olivia S. Mitchell.
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The Future of Saving: Lessons from Decades of Defined Contribution Plan Design Automatic enrollment has transformed U.S. retirement savings, but its long-run impact is more nuanced than early studies suggest. Professor Jonathan Reuter's investigation shows that while behavioral ...

they also anchor employees to defaults, encourage unintended leakage, and may raise household debt. The policy challenge is to design plans that boost participation while meeting diverse needs.
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Automatic enrollment has reshaped U.S. retirement saving, but its long-term effects are more nuanced than early research implied. Professor Jonathan Reuter finds that while nudges raise participation,

The Future of Saving: Lessons from Decades of Defined Contribution Plan Design Automatic enrollment has transformed U.S. retirement savings, but its long-run impact is more nuanced than early studies suggest. Professor Jonathan Reuter's investigation shows that while behavioral ...

they also anchor employees to defaults, encourage unintended leakage, and may raise household debt. The policy challenge is to design plans that boost participation while meeting diverse needs.
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Happy Giving Tuesday! Giving Tuesday is December 2nd! It’s a global day dedicated to supporting positive impact and strengthening communities. We look forward to sharing how you can support the Pension Research Council’s m...

Explore our contributions to retirement scholarship, discover how we sponsor retirement research, and support the work of the Pension Research Council by exploring our page!

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Happy Giving Tuesday! Giving Tuesday is December 2nd! It’s a global day dedicated to supporting positive impact and strengthening communities. We look forward to sharing how you can support the Pension Research Council’s m...

Happy Giving Tuesday! Today, the Pension Research Council celebrates the spirit of giving and the individuals and organizations who uplift others through acts of kindness and generosity.

Giving Tuesday Giving Tuesday is December 2nd! It’s a global day dedicated to supporting positive impact and strengthening communities. We look forward to sharing how you can support the Pension Research Council’s m...

Giving Tuesday is December 2nd! It’s a global day dedicated to supporting positive impact and strengthening communities. We look forward to sharing how you can support the Pension Research Council’s mission.
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