The most established national statistics focus on rational behavior, not how people feel.
He was honored for his contributions to behavioral economics.
I'm not saying that you have to hire a celebrity to make a cameo appearance explaining investment strategies to your clients. But you can think outside the box and use analogies in your own explanations.
I recently attended a fascinating talk on the topic of Behavioral Engineering by my friend Shira Abel. Post that talk, I had an opportunity to ask her a few questions on the same topic.
As January kicks off, close to half of Americans will make resolutions on the perennial quest for self-improvement. Predictably, losing weight continues to be the top goal for 2015. Money-related resolutions, however, rank among the favorites.
Is there a correlation between the drop in unions and the drop in defined benefits plans? It certainly seems like it. As defined benefit plans are going away, so is the safety net for older Americans. Most bankruptcy filers are under age 54, but there is a steady rise in bankruptcies of people over age 55.