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Able Quote by Richard Thaler

“Every American worker should be able to save for retirement via payroll deductions.” quote by Richard Thaler
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“Every American worker should be able to save for retirement via payroll deductions.”

Richard Thaler

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.

Key Takeaway

Implement automatic retirement savings.

Themes

finance policy security

Mood

pragmatic optimistic

Type

policy advice

When to use this quote

  • employer
  • government
  • individuals

Key Concepts

automatic savings retirement planning behavioral economics

Questions to Reflect On

  • What barriers exist to automatic savings?
  • How can incentives improve participation?
A Different Perspective

Mandatory deductions may reduce take‑home pay satisfaction.

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