Tag: manage money
Here’s a conundrum: Americans struggle to save for retirement or reduce their credit card spending. But only about one out of three seeks help with financial issues. So what lies at the heart of our decisions about whether and when to seek help? Trust. In the video below, Angela Hung, director of the RAND Center…
In a videotaped experiment testing her financial cognition, an elderly woman must prepare three utility bills for mailing. She’s seated at a table holding the bills, along with three filled-out checks, and three envelopes – each with one utility’s name on it. After considerable effort and confusion – checks paired with the wrong bills; bills…
