Opinion: You save; your partner spends. Don't let money doom your relationship.
How opposites who attract can come together around finances.
Source: marketwatch.com
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Pitch pennies, not percentages, to raise savings rate – study
Plan sponsors that want to help participants to save more for retirement might want to consider reframing the savings rate.
Hal Hershfield Rick Mason Stephen Shu Shlomo Benartzi Carnegie Mellon University Voya Institute For Innovation
Source: pionline.com
Focus on pennies, not pay percentage, says Voya
Getting people to save more for retirement might be as simple as reframing the savings rate, according to a new Voya study.
Hal Hershfield Rick Mason Stephen Shu Shlomo Benartzi Carnegie Mellon University Cornell Dyson School Of Applied Economics
Source: pionline.com
Reframing Participant Communications Is Key for Plan Sponsors to Boost Retirement Savings
A panel of retirement researchers examined participant behaviors that can assist with or deter workers from achieving optimal savings outcomes.
Vicki Bogan Angela Fertig Stephen Shu Centers For Disease National Institutes Of Health Cornell Dyson School Of Applied Economics
Source: plansponsor.com
Making the Savings Decision More Palatable for Participants
Making the Savings Decision More Palatable for Participants Research and real-life experience show that framing amounts employees need to save in smaller bits can help them increase and sustain their savings. Reported by Research has found that when savers perceive the amounts they need to save on more granular terms, such as $5 per day as opposed to $150 per month, they are more likely to commit to and sustain a personal savings regimen. Hal Hershfield, an associate professor of marketing at t...
Source: plansponsor.com