Ever wonder how to boost your retirement savings? Could the subtle art of behavioral economics hold the answer? Join Tim in this solo-sode as he explores this with guest John Beshears. Uncover the impact of automatic enrollment on participation rates and the potential downside of increased debt. Beshears' research reveals unique strategies, like framing savings as "fresh starts." Maximize your savings and delve into the evolution of behavioral economics with Tim and John in this weeks captivating episode.
© 2024 Behavioral Grooves
Topics
(7:43) Introduction and Speed Round
(12:23) The Impact of Auto-Enrollment on Retirement Savings
(16:41) The Psychology Behind Financial Decision Making
(22:31) Automatic Enrollment, Savings, and Employee Debt
(33:48) Long Term Effects
(37:37) Reframing Savings and “Fresh Starts”
(46:04) Jazz Music and Productivity
(52:35) Grooving Session: Behavioral Science and Retirement Savings
© 2024 Behavioral Grooves
Links
Automatic Enrollment and Financial Stress
Fresh Start Approach to Savings
Behavioral Economics in Action Conference
Seaweed Farmers and Pod Sizes
Behavioral Grooves Patreon
Musical Links
Charlie Parker at Massey Hall
Mose Allison "Everybody Cryin' Mercy"
Lightnin' Hopkins "What Kind of Woman is This?"
Phillip Glass "Opening"
