How behavioral economics is increasing retirement savings
(Phys.org) —A new study of retirement plans in the US has demonstrated how adopting behavioral economics is encouraging people to increase their savings for retirement.
(Phys.org) —A new study of retirement plans in the US has demonstrated how adopting behavioral economics is encouraging people to increase their savings for retirement.
While preparing for retirement can be difficult for anyone, LGBTQ+ Americans face unique challenges that can cast a shadow over their golden years. For example, LGBTQ+ people over age 60 leave the workforce sooner, are less ...
Economics & Business
Oct 4, 2023
0
1
When researchers set out to study 401(k) retirement savings accumulation, they found that thousands of studies of retirement savings accumulation ignored the surprisingly high rate of departing employees who cash out retirement ...
Economics & Business
Jul 20, 2023
0
12
State-sponsored retirement plans could help workers save more and help retirees rely less on social services—as long as the cost-effectiveness of such plans aren't bogged down by fees—according to a new report from Rice ...
Economics & Business
Nov 9, 2022
0
2
The economic effects of the coronavius in the U.S. have brought Americans' preexisting financial precarity into stark focus. Karen Richman, University of Notre Dame director of undergraduate studies at the Institute for Latino ...
Economics & Business
Aug 14, 2020
0
15
New research shows that selecting a targeted retirement fund that ends in a zero could negatively impact your retirement savings.
Economics & Business
Jul 28, 2020
0
6
The United States is facing a retirement savings crisis. Nearly half of all Americans have nothing saved for their retirement or have no access to retirement plans at work. About half of white Americans will not be able to ...
Economics & Business
Nov 5, 2019
0
3
Parents who financially help their unemployed adult children offset such costs by adjusting their behavior, particularly by spending less money on food, working more and reducing retirement savings, according to a new RAND ...
Economics & Business
Jul 9, 2019
0
0
A study of married couples in Vietnam suggests that, when one spouse tends to favor immediate rewards, marriage does not help them commit to saving money. Hisaki Kono of Kyoto University, Japan, and Tomomi Tanaka of the World ...
Social Sciences
Jun 19, 2019
0
2
Americans are living longer than past generations, and for many that means working longer, too. While for some this might be a choice, for many it is a financial necessity, according to a new report published Oct. 22 by the ...
Economics & Business
Oct 22, 2018
1
3