Needed Now: New Approaches to Financing Old Age

Following the global financial crisis troubled retirement systems around the world face new challenges that may result in sharply reduced income for retirees -- as well as the possibility that younger workers will need to work much longer according to Wharton insurance and risk management professor Olivia Mitchell. In a recent paper titled ”Implications of the Financial Crisis for Long Run Retirement Security ” Mitchell argues that current and future generations must ”build new frameworks [with] public and private partnerships to better educate people about the risks they face to help them work longer ... and to better regulate products and markets for an aging world.”

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