Aging and the costs that come with it
As a high school student, junior Darcey Hookway spent time volunteering on a dementia ward at a local hospital. “The social aspect of their condition really struck me,” says Hookway, who is from London. “They struggled immensely with social isolation. And now with COVID exacerbating that more than ever, I think that’s a huge detriment to their health.”
In the second episode of Penn Today’s “Understand This ...” podcast series, emphasizing interdisciplinary perspectives, a Wharton and Weitzman School discuss the past, present, and future of infrastructure.
High school meets business with Bridges 2 Wealth
Bridges 2 Wealth, a financial literacy program that celebrated its one-year anniversary with the Netter Center in February, collaborates with Penn students and Philadelphia schools to close the wealth gap.
A ‘Collective Climb’ to combat poverty
With the President’s Engagement Prize, seniors Hyungtae Kim, Kwaku Owusu, and Mckayla Warwick will work to combat poverty in West Philadelphia through education, shared resources, and community collaboration.
Improv with an impact
With their President’s Engagement Prize, Wharton School seniors Philip Chen and Meera Menon plan to create The Unscripted Project, a nonprofit that will run 10-week improv courses in Philadelphia public schools, partnering with the Philly Improv Theater.
Advice—and compassion—for students navigating new financial territory
Financial Wellness at Penn has developed personal finance tips for students to help them stay on top of financial matters and asked Penn staff members what they wish they had known about finances.
When cash is tight, should you borrow from retirement?
While millions of Americans find themselves strapped for cash with reduced work or lost jobs, tapping retirement savings is fraught with risks that need careful consideration, according to experts at Wharton.
Are U.S. banks strong enough to weather the coronavirus pandemic?
Wharton’s David Zaring discusses the impact of the pandemic on U.S. banks.
Coronavirus aid package a start, but more will be needed
A Knowledge@Wharton report suggests there's plenty the federal government got right in its $2.2 trillion relief package, but it may not be enough in the long-term.
How far could the Fed go in responding to COVID-19?
Wharton’s Peter Conti-Brown discusses the U.S. Federal Reserve Bank’s effort to protect households, businesses and the economy from the effects of the coronavirus pandemic.
In the News
CFPB rolls back restrictions on payday lenders
Lisa Servon of the Stuart Weitzman School of Design spoke about the hazards of short-term, high-interest loans, which people of color, single parents, and low-income people are most likely to rely upon. “The situation that you want to avoid is people that are getting in over their head and going into this cycle in which they’re taking out a loan, not paying it back, paying the fee again for the second loan, and again and again, until they’re paying back way more than they borrowed,” Servon said.
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Credit Suisse review of funds prompted by SoftBank’s multiple roles
David Erickson of the Wharton School said finance companies should disclose conflicts of interest to their investors.
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Should you tap retirement funds in a crisis? Increasingly, people say yes
Research by Olivia Mitchell of the Wharton School found that approximately 10% of people who borrow from their 401(k) plans default on the loans.
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How AI is expanding the applications of robot advisory
Jill Fisch of the Law School commented on the use of algorithms in investing. “Robo advisors are a potential solution to the complexities of financial decision making,” she said.
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