Topic: Personal Finance
Mobile Banking, a Boon to Many, Disadvantages Those Who Bank at Branches
Banks close neighborhood outlets and raise prices for branch-delivered services
A ‘Safer’ Treasury Bond
The government’s floating rate notes feature an added measure of security: higher interest earnings in times of rising rates
A Solution to the Debate over Momentum’s Cause?
Investors may underreact when information arrives in small, continuous bits
Americans Sacrifice $3.4 Trillion by Claiming Social Security Too Soon
Can nudges, tailored to personality traits, persuade retirees to wait?
As States Permitted Online Sports Gambling, Citizens’ Personal Financial Health Suffered
Half a trillion dollars wagered — and counting
Cashless Payments: Faster Transactions, Easier Borrowing and Increased Household Income
System provides digital record of payments for India’s vast self-employed ranks, satisfying lenders, and raising the likelihood of starting a business
CD Withdrawal Penalties: Often More Than Worth the Risk
Banks know you won’t do the math: Even after a penalty for early withdrawal, the longer-term CD often nets out to a better deal
Consumer Spending and Jobless Data: a Peculiar Threshold
A 12-month high in local unemployment triggers savings behavior
Culture Affects How People Save Money
Immigrants show saving tendencies that carry through several generations
Did Bank Capital Rules Make Credit Card Borrowing More Expensive?
Though defaults are low, rates on credit card loan-backed notes are high
Discontinued Car Models, Often Sold to Lower-Income People, Carry a Magnified Risk of Collateral Shortfall
After the repo: Borrowers’ post-default payments account for 27% of lender recoveries
Do Money Troubles Make It Harder to Daydream?
Popular notion that the poor console themselves with fantasy is perhaps more a comfort to the rich
Does Spending Mean You’re Wealthy?
To many, yes, and that belief leads to lower levels of financial well-being
Education Pays Off Handsomely, but Borrowing for It Makes People Unhappy
Student debt weighs on happiness more than mortgages or credit card loans
Fresh-Start Framing Boosts Retirement Plan Participation
A behavioral nudge passes a real-world test with 6,000 workers
Future-self Nudge Works Even Better in Reverse
Starting with your future self and looking back to your current self increases likelihood of saving