Why is it so hard to save for the future? House, a car, kids’ education, medical/job emergency, retirement, legacy, etc. How can we make it easier? What does Behavioral Economics have to say about this?
Richard Thaler received the 2017 Nobel Prize for his work on Behavioral Economics. This talk will apply the insights of his coauthored book, “Nudge,” to the personal investment decisions individuals and families face, with the goal of laying out some personal strategies that can be used to increase our saving effectiveness.