Tag: retirement savings
The brief’s key findings are: A recent experiment tested how retirement saving is affected by two emotions: hope (the degree of yearning for a secure retirement); and hopefulness (the perceived likelihood of a secure retirement). The experiment “threatened” these emotions by telling some participants that the chances of a secure retirement were worse than expected…
The brief’s key findings are: The 2007 Survey of Consumer Finances shows 401(k)/IRA balances of $78,000 for those approaching retirement, a modest improvement over 2004. This progress was due to slightly higher participation rates, improved diversification, reduced leakage, and the maturation of 401(k)s. However, by October 2008, the stock market collapse had reduced 401(k)/IRA balances…
