11/15
Finance
Why older Americans are taking on more debt
Why older Americans are taking on more debt
Older Americans are accumulating more debt as they near retirement, according to research from the Wharton School that reveals a troubling trend in personal finance among people in their 50s and early 60s.
Wharton’s Olivia S. Mitchell on financial well-being
Wharton’s Olivia S. Mitchell on financial well-being
Leading economist and Wharton professor Olivia S. Mitchell discusses key findings from her new research on financial well-being among Black and Hispanic women.
Getting financially fit in 2021
Getting financially fit in 2021
A Wharton expert gives five financial takeaways for people who have made New Year’s resolutions.
Aging and the costs that come with it
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.”
Understanding infrastructure
Understanding infrastructure
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
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
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.
Advice—and compassion—for students navigating new financial territory
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.
Improv with an impact
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.
When cash is tight, should you borrow from retirement?
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.
In the News
Business Insider
The hidden risk factor investors may be missing in stocks, bonds, and options
A study by Nikolai Roussanov of the Wharton School and colleagues finds that stocks, bonds, and options strategies could have more correlated risk than is evident on the surface.
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The Independent
How the stock market could be last guardrails to corral Trump’s wildest whims
Jeremy Siegel of the Wharton School says that Donald Trump measured his success in his first term by the performance of the stock market.
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CNBC
Wharton’s Siegel says an extension of the 2017 tax cuts is certain with a Republican House majority
Jeremy Siegel of the Wharton School discusses the state of the economy and what to expect from the Federal Reserve in December.
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Business Insider
The fight over Jerome Powell puts Elon Musk at odds with Wall Street
Jeremy Siegel of the Wharton School says that virtually every economist and most members of Congress value the independence of the Federal Reserve.
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Fast Company
The housing market’s home insurance shock, as told by an interactive map
A paper co-authored by Benjamin Keys of the Wharton School finds that home insurance premiums have risen sharply since 2020, concentrated in disaster-prone ZIP codes and driven by elevated reinsurance costs.
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Black Enterprise
Jay-Z’s Shawn Carter Foundation launches HCU champions for financial legacy program
The Wharton School has partnered with Jay-Z’s Shawn Carter Foundation to launch the Champions for Financial Legacy program to boost students’ financial literacy and equip them with the skills to build wealth within their communities.
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