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How opposites who attract can come together around finances.

Plan sponsors that want to help participants to save more for retirement might want to consider reframing the savings rate.

Getting people to save more for retirement might be as simple as reframing the savings rate, according to a new Voya study.

A panel of retirement researchers examined participant behaviors that can assist with or deter workers from achieving optimal savings outcomes.   

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 the University of California, Los Angeles (UCLA); Stephen Shu, a research student at the University o...