Can a Rule of Thumb Be a Shortcut to Financial Well-Being?
Link Copied Easy-to-use financial rules of thumb have always captured public interest, whether they are presented in best-selling books, TV talk shows, or, most recently, short TikTok videos. The allure of these shortcuts to financial health is understandable: The idea that the answers to complex financial decisions can be simplified into 10 words or less seems magical. Unfortunately, the research behind many of the most famous financial rules of thumb is not robust and, in some cases, nonexi...
Consumer Financial Protection Bureau Financial Health Relationships Between Rules Into Rules Financial Well Being Scale Financial Rules
Source: morningstar.com