Monday, April 03, 2006
Even free money doesn't work
I guess we all know people like this.
Hopefully, we aren't among them...
Hopefully, we aren't among them...
I found this in the Waterbury, Connecticut Republican American Newspaper:
"Even free money can't get millions of Americans to save. Instead, the best way to get them to do it is to force them, unless they specifically say they don't want to.
"... But Utkus and I would add another reason why people don't save: Plain inertia, and what Utkus calls a 'psychological inability' to do so.
'I call it the 'savings-averse' population,' Utkus said. 'They put up a lot of good reasons why they can't save,' The problem, however, is often one of behavior, not finances."
