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Simple Nudge Gets More People to Start Retirement Nest Egg
Government Executive Link to more items from this source
Sept. 2, 2020

"[P]eople are more likely to sign up for an employer-sponsored savings plan when urged to begin contributing a specific percentage of their income. The mere suggestion of a contribution amount -- and not the amount itself -- led to a 26% increase in the likelihood that a service member would enroll in the military's version of a 401(k).... The results also suggest that having to choose whether to contribute 3%, 4%, or 6% of a paycheck can be too much for some people."

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