If you're not putting enough away for emergencies or retirement, making commitments in advance, such as signing up for payroll withholding, can… — Richard Thaler Copy Share Image
Payroll savings plans are vital because they are essentially the only way that middle-class Americans reliably save for retirement. — Richard Thaler Copy Share Image
For many people, being asked to solve their own retirement savings problems is like being asked to build their own cars. — Richard Thaler Copy Share Image
Every American worker should be able to save for retirement via payroll deductions. — Richard Thaler Copy Share Image
When employees are first eligible for a retirement savings plan, they should be enrolled unless they choose to opt out. — Richard Thaler Copy Share Image
It's hard to have any idea of how much money is enough to finance an appropriate lifestyle in retirement. But if a… — Richard Thaler Copy Share Image
Real people have trouble balancing their checkbooks, much less calculating how much they need to save for retirement; they sometimes binge on… — Richard Thaler Copy Share Image
Retirement savings is probably behavioral economists' greatest success story. It is a prototypical behavioral-economics problem because saving for retirement is cognitively hard… — Richard Thaler Copy Share Image
Everyone's lost a lot of money on their 401k plans. I've heard some people calling them 201k plans. So it's even more… — Richard Thaler Copy Share Image
Maybe you'll take the cash out. So a credit card company or a bank that goes into the business of saying we're… — Richard Thaler Copy Share Image
The Nobel Prize is going to be 'fun money' - for an occasion, when my wife and I want a $50 bottle of wine. — Richard Thaler Copy Share
In some ways, the finding that financial education doesn't provide long-term payoffs is hardly surprising. After all, how much do you remember from your… — Richard Thaler Copy Share
Fortunately, economists open to new ways of thinking are finding novel ways to use supposedly irrelevant factors to make the world a better place. — Richard Thaler Copy Share
If people just put away what's left at the end of the month, that's a recipe for failure. — Richard Thaler Copy Share
The wealth in many large estates has never been taxed because it is largely in the form of unrealized - therefore untaxed - capital… — Richard Thaler Copy Share
The lesson of my field, behavioral economics, is that we need to understand the ways in which we differ from the rational human assumed… — Richard Thaler Copy Share
I think behavioral economists don't have any more of an explanation about the rise of Trump than anyone else. — Richard Thaler Copy Share
There are cases when I can make myself better off by restricting my future choices and commit myself to a specific course of action. — Richard Thaler Copy Share
For amateur golfers, I think one of the biggest mistakes is to model their play on professionals. — Richard Thaler Copy Share
he card companies will often, as a courtesy, honor that credit card, but hit you with a penalty. And you keep swiping your card… — Richard Thaler Copy Share
Social Security may be the most beloved of all the government's programs, partly because it requires so little thinking. You pay taxes while you… — Richard Thaler Copy Share
If you're trading individual securities, you're almost certainly making a mistake. Because most professional managers can't outperform their benchmarks, and there's little reason to… — Richard Thaler Copy Share
A nudge is some feature of the environment that changes the behaviour of humans but would not change the behaviour of rational economic agents,… — Richard Thaler Copy Share
One reason for high health care costs is that patients fail to follow their treatment regimen. — Richard Thaler Copy Share
