Study Finds Two Biases That Hurt Americans' Savings
There are many reasons contributing to Americans’ reluctance to save for retirement, including two biases — called “present bias” and “exponential-growth bias” — according to a new paper published by the National Bureau of Economic Research. Derek Thomspon of The Atlantic explains the findings and explores ways of overcoming such biases with Here & Now co-host Meghna Chakrabarti.
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