In this TED lecture, behavioral economist Shlomo Benartzi applies his expertise to explain barriers to saving and to craft a solution. His Save More Tomorrow program has proved so effective that about 60% of big companies have adopted similar savings plans, and it’s now part of the Pension Protection Act. getAbstract recommends that investors watch this video to gain smart financial advice.
In this summary, you will learn
- How behavioral finance helps explain people’s money mistakes,
- What human tendencies prevent saving for retirement and
- How the Save More Tomorrow program overcomes these challenges.
About the Speaker
Shlomo Benartzi is a behavioral economist and a professor at the UCLA Anderson School of Management.
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Comment on this summary
1 year agoThis makes for an interesting read!
3 years agoI agree with wording “Self-control is not a problem in the future” but happen in present with bias. Some people view saving for retirement as a loss of spending power in the present. Save More Tomorrow program is for everyone in the world who would like to make life better in present and future.
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Shlomo Benartzi and Jonah Lehrer
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