Nudges or kicks in the pants?

Financial nudging works

Having a hard time saving for retirement? You aren’t alone. The problem is that unless we automate the process, saving often becomes an afterthought. After all, it’s way more fun to go out to dinner, take trips and buy tech toys than it is to stash money into a long-term saving or investing vehicle. But what if you never got a chance to get your hands on the dough? Would you miss it? Many retirement plan sponsors are trying to find out. For years, retirement experts and academics who study behavioral finance (the intersection of psychology, sociology, business and economics) have been troubled by low enrollment levels in employer-sponsored retirement plans. ….[READ]

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