It’s easy to imagine saving money next week, but how about right now? Generally, we want to spend it. Economist Shlomo Benartzi says this is one of the biggest obstacles to saving enough for retirement, and asks: How do we turn this behavioral challenge into a behavioral solution?
About the speaker:
Shlomo Benartzi studies behavioral finance with a special interest in personal finance. He is co-founder of the Behavioral Finance Forum (www.behavioralfinanceforum.com), a collective of 40 prominent academics and 40 major financial institutions from around the globe. The Forum helps consumers make better financial decisions by fostering collaborative research efforts between academics and industry leaders.
Benartzi’s most significant research contribution is the development of Save More Tomorrow™ (SMarT), a behavioral prescription designed to help employees increase their savings rates gradually over time.
Originally posted 2012-06-10 14:50:52. Republished by Blog Post Promoter
even if you check the box in austria, you still donate your organs, if you die in a hospital. this is regulated by law. now, i feel kind a good boy… nice greets from austria
holadrio
Can you explain fully what you mean when you say “wealthy and politically powerful easily steal from you”?
You said that not everyone can freely print money, which leads me to believe I’m correct when I assert that those that can are the wealthy and politically powerful. So wouldn’t you call it ‘stealing wealth’ when these people create money out of thin air, with interest attached, and use it to buy goods and services from the rest of us without having to first sell some goods and services to us? Isn’t it basically just legalized counterfeiting?
Also remember what was my first post. To properly understand my questions you need to properly understand money, what it is and how it originally came about and what economic role it’s suppose to fulfill and what properties constitute a good money.
This guy is out of touch with reality. Banks set a non fixed rate mortages. Even if you played your house payment on time, they raised the payment to double or triple what it was initally. People lost their house due to the banks predatory lending. Sure some bought houses that they couldn’t afford but many were scammed into non fixed rate mortgages that the bank made it so they couldn’t afford it after 3 years.
Way to fixate on a comment made at the beginning and missing the point.
I work with seniors every day and the biggest problem is they saved for so long they don’t know how to distribute their money efficiently. they leave it in the market and let it drop and worry.
be vewy vewy quiet…
I’m hunting wabbits…ha ha ha ha ha ha ha
Wait a minute, this guy is talking about social security… Shouldn’t the goverment already be doing this? This already exist in Europe to finance our retirement and hour senior health.
This was a hard talk to watch. Somehow I can’t take people who pronounce the R as a W seriously. But I sat through it and found it very interesting.
wascwy wabbit
I wike to think I’m a good whisk taker. I don’t pway the lottewy, I save for my wetiewment and I weally wove my chiwdwen so I have wots of wife insuwance, that’s not insuwance on my other hawf, it’s insuwance so I can weave a wittaw bit to my kids if I weave this Eawth.
this video has nothing to do with wabbits
Very good talk, very insightful.But I still grinned at “pwocwastination”.I’m sorry…
>Go to TED.com>See video I want to watch>Potato quality>Find same video on YouTube>Watch like a normal human being in 480p
so he’s saying we are whisky takers?
What is wrong with living the present and not save for a tomorrow that might come or not, that might bring money loss or not ?
got a friend. makes slightly less then twice as me. works more then twice as much. never has any money. i on the other hand……..
The Federal Reserve also discourages saving by price fixing interest rates at 0%. Saving is like dieting it is hard and people put it off, they promise they will start tomorrow, after this bag of chips, at new years, always next time etc You have to start NOW. You cant wait until you are 900 lbs before starting to diet or wait until a week before retirement to decide to save.
Nothing per se but that tomorrow will come and then the people that didn’t prepare tend to demand the fruits of the people who worked hard, saved and prepared. Also less people saving and investing = less risk taking and by proxy innovation and wealth for everybody in the system.
Tumodou.
Or wibbons