Tag: nudge
New experiment finds progress more elusive than expected. Our recent study about debt holdings of older Americans focused our attention on how credit card debt could get people in trouble. We, like other observers, bemoaned people’s tendency to pay the minimum required amount, and, like other observers, blamed these minimum payments on the prominence of…
Automatically enrolling all new workers in an employer savings plan is a terrific way to push reluctant savers to prepare for a future in old age. They still have the option of withdrawing but usually stick with the plan once an employer signs them up. The preliminary results of a new study on Army personn…