Research
Personalized savings reminders can help boost retirement savings
Phys.org ·
The Brief
- Study examines whether savings reminders framed as gains or losses boost retirement saving.
- Source summary notes the framing idea is popular in public debate on private retirement savings.
- Only a truncated excerpt of the article was provided, so findings and effect sizes are unknown.
Why it matters
Behavioral nudges like reminder framing are a low-cost policy tool, so evidence on which framing works could inform how retirement providers communicate with savers.
- #retirement savings
- #behavioral economics
- #savings reminders
- #personal finance
Private retirement savings are an increasingly important topic in public debate. One popular idea is to phrase savings reminders in one of two ways: either you emphasize what someone stands to lose if they don't save, or you emphasize what they stand to gain if they do. To date…
Timeline
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Personalized savings reminders can help boost retirement savings
Science News article on personalized savings reminders published