Tag: spending
‘Tis the season to acknowledge progress! The share of Americans who are still paying off credit card debts they ran up during the year-ago holiday has dropped for a second consecutive year. According to an annual Consumer Reports survey, conducted during the first week in November, 7 percent of Americans still had unpaid Christmas bills…
Our 401(k) retirement system requires most workers to save for the future. But it’s difficult to reach this increasingly important goal, because our emotions – overconfidence, pleasure, fear of loss – get in the way. “We believe our own nonsense,” is how Daylian Cane, a professor in the Yale School of Management, explains financial behavior…
