Needed, Now: New Approaches to Financing Old Age

Needed, Now: New Approaches to Financing Old Age author Webmaster1 On: 06/17/2010 Views: 15



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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