Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

Senior Client Service Specialist

EPIC RPS
(Remote / AZ)

EPIC RPS logo

Retirement Sales Consultant

Pension Financial Services
(Duluth GA / Hybrid)

Pension Financial Services logo

Retirement Plan Administrator

CMC Pension Professionals
(Remote)

CMC Pension Professionals logo

Senior Internal Sales Consultant

EPIC RPS
(Remote)

EPIC RPS logo

Retirement Plan Relationship Manager

ERISA Services, Inc.
(Remote)

ERISA Services, Inc. logo

Retirement Plan Administrator

ERISA Services, Inc.
(Remote)

ERISA Services, Inc. logo

Claims Adjuster

UEBT
(WA)

UEBT logo

Retirement Plan Administrator

Retirement Planners and Administrators (RPA)
(Remote)

Retirement Planners and Administrators (RPA) logo

Manager, Defined Contribution (TPA)

HowardSimon, Strongpoint Partner
(Remote)

HowardSimon, Strongpoint Partner logo

View More Employee Benefits Jobs

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile app icon
LinkedIn icon     Twitter icon     Facebook icon

Peer Pressure Doesn't Help People Save More for Retirement
Money Link to more items from this source
Sept. 23, 2015

"When workers were informed about the savings habits of their peers, they weren't more likely to put money into their own accounts at all. What's more, non-savers who weren't subject to auto-enrollment in a 401(k) plan were actually less likely to save when presented with peer data. Why? 'It could be that learning that your peers are ahead of you financially is much more demoralizing than, say, learning that you use more energy than your neighbors,' [Yale School of Management professor James Choi said]. 'And when people are demoralized, they tend to disengage from a problem rather than address it.' "

Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title).
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above).
© 2024 BenefitsLink.com, Inc.