Tag: psychology
![The power of words being typed](https://crr.bc.edu/wp-content/uploads/2022/02/typewriter.png.webp)
Employers have learned over the years that understanding employee psychology is critical to getting them to save for retirement. Researchers have landed on a novel idea along those lines: explain to employees that they have an opportunity to save in a 401(k) or increase their 401(k) saving on a future date that represents a fres…
![Printed Social Security statement](https://crr.bc.edu/wp-content/uploads/2021/06/Overestimate-SS.jpg.webp)
The U.S. Social Security Administration reported a few years ago that half of retirees get at least half of their income from their monthly checks. For lower-income retirees, the benefits constitute almost all of their income. Yet Americans have only a vague understanding of how this crucial program works – one of many obstacles on…