Event: Financial Literacy in Times of Turmoil and Retirement Insecurity Friday, March 20, 2009

Financial Literacy in Times of Turmoil and Retirement Insecurity

Friday, March 20, 2009, 8:50 am – 4:30 pm

The Brookings Institution, Falk Auditorium, 1775 Massachusetts Ave, NW, Washington, DC

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, Wharton's Pension Research Council and Boettner Center, the University of Michigan Retirement Research Center, and The Retirement Security Project will co-sponsor a conference on financial literacy and retirement preparedness.

The conference will focus on how workers and retirees can better manage saving for retirement, and how they can stay secure during retirement. Participants will identify research and policy directions for the future.

After their presentations, speakers and panelists will take questions from the audience. Lunch will be provided.

8:50	Welcome
	Jason Fichtner Social Security Administration
9:00	Financial Literacy, Planning and Retirement Saving
	Annamaria Lusardi Dartmouth College	Olivia Mitchell The Wharton School
	Julie Agnew College of William and Mary	Robert Willis University of Michigan
10:30	Financial Illiteracy and Retirement Expectations: Prospects for Longevity, Decumulation and Health

 

	Michael Hurd RAND Corporation	Erzo F.P. Luttmer Harvard Kennedy School
	Nick Maynard D2D Fund
11:45	Keynote Address
	The Honorable Michael Astrue Social Security Administration
12:15	Lunch and Roundtable Discussion of Agency Initiatives
	Debra Golding US Department of Labor	Jeanne Hogarth Federal Reserve Board
	John Gannon Financial Industry Regulatory Authority	Kristi Kaepplein Securities and Exchange Commission
	Dubis Correal US Department of the Treasury
1:45	Alternate Approaches to Financial Literacy
	Shawn Cole Harvard Business School	David C. John The Retirement Security Project and The Heritage Foundation
	J. Mark Iwry The Retirement Security Project and The Brookings Institution	Brigitte Madrian Harvard Kennedy School
3:00	Marching Orders for Research and Policy
	William Gale The Retirement Security Project and The Brookings Institution	Angela Hung RAND Corporation
	Sheryl Garrett Garrett Planning Network	Mike Staten University of Arizona and Take Charge America
4:15	Closing Remarks
	John Laitner University of Michigan

To RSVP, please call the Brookings Office of Communications at 202.797.6105, or visit

http://guest.cvent.com/i.aspx?4W,M3,49672225-5561-46cd-b5cd-d213a7660c25

For questions, please contact, Jaime Matthews at 202.741.6524 or jmatthews@brookings.edu.