Tag: saving
Determining how much money one will need in retirement is a mathematically and psychologically daunting task for many Americans. But new research has landed on a deceptively simple strategy for prodding workers to save. Employees in an experiment at the University of Minnesota saved more for retirement after researchers provided them with a personalized chart…
A U.S. Army requirement that newly enlisted men and women complete an ambitious personal finance course is having some impressive results. At a time when financial education is increasingly being criticized as an ineffective way to raise Americans’ low saving rate, an 8-hour course held on 13 Army bases is significantly boosting how much military…
