Call it behavioral economics—when it comes to money, most people struggle to make rational, analytical decisions. Case in point: If everyone believes it’s important to save for retirement (and most of us do), why then do so few people save enough, if at all? Beliefs, attitudes, and myths can all interfere with logical money management. This paper examines six of the most perilous perceptions that can derail anyone’s financial future.
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Length: 2 pages (PDF 967 kB)