Automatic Savers
One of the biggest challenges governments face is humans’ apathy about saving for the future. But, while some countries force people to set aside a fixed proportion of their income, recent research suggests that automatic enrollment in employee savings schemes can be almost as effective, even if people can opt out.
People are fascinated by wealth. They enjoy watching the wealthy, savoring the thought of their fine homes, luxurious vacations, fancy cars, and gourmet dining. But if you infer from this that people spend a lot of time planning the lifetime accumulation of their own wealth, you would be wrong.
People are fascinated by wealth. They enjoy watching the wealthy, savoring the thought of their fine homes, luxurious vacations, fancy cars, and gourmet dining. But if you infer from this that people spend a lot of time planning the lifetime accumulation of their own wealth, you would be wrong.