Able Quote by Richard Thaler
“Every American worker should be able to save for retirement via payroll deductions.”
About This Quote
Source Speech: Economic Policy Forum (2018)
Workers should have automatic payroll deductions for retirement savings.
In simple terms: Save for retirement via payroll.
Implement automatic retirement savings.
Themes
Mood
Type
When to use this quote
- employer
- government
- individuals
Key Concepts
Questions to Reflect On
- What barriers exist to automatic savings?
- How can incentives improve participation?
Mandatory deductions may reduce take‑home pay satisfaction.