U.S. Economy
Hutchins Roundup: Net worth and retirement, inflation dynamics, and more
The financial crisis has caused a reported $2 trillion loss in retirement accounts nationwide.
A majority of Americans are worried their retirement funds may not be sufficient, and young and old alike are concerned about financial and retirement security. On March 20, the Brookings Institution; the Wharton School’s Pension Research Council and Boettner Center; the University of Michigan Retirement Research Center; and The Retirement Security Project co-sponsored a conference on financial literacy and retirement preparedness.
The conference focused on how workers and retirees can better manage saving for retirement, and how they can stay secure during retirement. Participants identified research and policy directions for the future.
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| William Gale giving presentation. | |
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| J. Mark Iwry speaking at event. |
Agenda
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March 20
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Closing Remarks
JLJohn Laitner Professor, Department of Economics, The University of Michigan -
Welcome
Jason Fichtner Senior Lecturer - Johns Hopkins University School of Advanced International Studies, Fellow - Bipartisan Policy Center @jjfichtner -
Financial Literacy, Planning and Retirement Saving
J. Mark Iwry Nonresident Senior Fellow - Economic Studies, Visiting Scholar, Wharton School, University of PennsylvaniaJAJulie Agnew Assistant Professor of Finance and Economics
Annamaria Lusardi George Washington University
Olivia S. Mitchell International Foundation of Employee Benefit Plans Professor - The Wharton School at the University of PennsylvaniaRWRobert Willis Professor of Economics, University of MichiganDDCDiscussant: David Certner Director, Legislative Policy, Government Relations and Advocacy, AARP -
Financial Illiteracy and Retirement Expectations: Prospects for Longevity, Decumulation and Health
Olivia S. Mitchell International Foundation of Employee Benefit Plans Professor - The Wharton School at the University of PennsylvaniaMHMichael Hurd Director, Center for the Study of Aging, RAND CorporationEFLErzo F.P. Luttmer Associate Professor, Harvard Kennedy SchoolNMNick Maynard Director of Innovation and New Product Development, D2D FundDABDiscussant: Andrew Biggs Resident Scholar, American Enterprise Institute -
Keynote Address
THMAThe Honorable Michael Astrue Commissioner, Social Security Administration -
Lunch and Roundtable Discussion of Agency Initiatives
Jason Fichtner Senior Lecturer - Johns Hopkins University School of Advanced International Studies, Fellow - Bipartisan Policy Center @jjfichtnerDCDubis Correal Director, Office of Financial Education Department of the TreasuryJGJohn Gannon Senior Vice President, Office of Investor Education, Financial Industry Regulatory AuthorityDGDebra Golding Deputy Director For Education & Outreach
KKKristi Kaepplein Director of the Office of Investor Education and Advocacy, Securities and Exchange Commission -
Alternate Approaches to Financial Literacy
Robert L. Clark Professor, Department of Economics - North Carolina State University, and NBERSCShawn Cole Assistant Professor of Business Administration, Harvard Business School
J. Mark Iwry Nonresident Senior Fellow - Economic Studies, Visiting Scholar, Wharton School, University of PennsylvaniaBMBrigitte Madrian Aetna Professor of Public Policy and Corporate Management, Harvard Kennedy SchoolDJPDiscussant: John Phillips Chief, Population and Social Processes Branch, National Institute on Aging -
Marching Orders for Research and Policy
Annamaria Lusardi George Washington UniversityAHAngela Hung Economist, RAND CorporationSGSheryl Garrett Founder, Garrett Planning NetworkMSMike Staten Director, Take Charge America Institute for Consumer Financial Education and Research
William G. Gale The Arjay and Frances Fearing Miller Chair in Federal Economic Policy, Senior Fellow - Economic Studies, Co-Director - Urban-Brookings Tax Policy Center @WilliamGale2
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